FD interest calculator: Extra amount you can get on Rs 1 lakh-Rs 10 lakh deposits at 5-25 bps interest rate hike

The Reserve Bank of India (RBI) raised the repo rate from 5.25% to 5.50% during its three-day Monetary Policy Committee (MPC) meeting on Wednesday. This comes as good news for fixed deposit (FD) investors as many banks may soon start increasing their deposit rates.

How much interest rates these banks will increase on different deposits is yet to be known. But any small increase in FD interest rates can make a difference to the maturity amount you get, particularly when you deposit a large amount for a long duration. But how much more maturity amount can you actually earn on Rs 1 lakh to Rs 10 lakh deposits if the 6.50% interest rate on an FD rises by 5 basis points (bps), 10 bps, 15 bps, 20 bps or 25 bps?

Here is a quick calculation of how much additional maturity a customer can get on Rs 1 lakh to 10 lakh investments in the 5-year FD.


Also read: Highest senior citizen FD interest rates after RBI repo rate hike: Public vs private vs small finance bank rates of 3 and 5-year fixed deposits

FD calculator: Extra maturity amount on 6.50% vs 6.55% rate in 5-year FD

A 5-bps rate increase in the 5-year FD, from 6.50% to 6.55%, can increase the maturity amount by approximately Rs 340 on a Rs 1 lakh deposit. On a Rs 10 lakh deposit, the additional amount can work out to approximately Rs 3,400.

Investment	Maturity at 6.5% rate	Maturity at 6.55% rate	Extra amount earned
₹ 1,00,000	₹ 1,38,042	₹ 1,38,382	₹ 340
₹ 2,00,000	₹ 2,76,084	₹ 2,76,764	₹ 680
₹ 3,00,000	₹ 4,14,126	₹ 4,15,146	₹ 1,020
₹ 4,00,000	₹ 5,52,168	₹ 5,53,528	₹ 1,360
₹ 5,00,000	₹ 6,90,210	₹ 6,91,910	₹ 1,700
₹ 6,00,000	₹ 8,28,252	₹ 8,30,292	₹ 2,040
₹ 7,00,000	₹ 9,66,294	₹ 9,68,674	₹ 2,380
₹ 8,00,000	₹ 11,04,336	₹ 11,07,056	₹ 2,720
₹ 9,00,000	₹ 12,42,378	₹ 12,45,438	₹ 3,060
₹ 10,00,000	₹ 13,80,420	₹ 13,83,820	₹ 3,400

FD calculator: Extra maturity amount on 6.50% vs 6.60% interest rate in 5-year FD

If the FD rate increases by 10 bps to 6.60%, a Rs 1 lakh deposit can earn Rs 681 more at maturity. For a Rs 10 lakh deposit, the difference increases to approximately Rs 6,808.

Investment	Maturity at 6.5% rate	Maturity at 6.60% rate	Extra amount earned
₹ 1,00,000	₹ 1,38,042	₹ 1,38,723	₹ 681
₹ 2,00,000	₹ 2,76,084	₹ 2,77,445	₹ 1,362
₹ 3,00,000	₹ 4,14,126	₹ 4,16,168	₹ 2,042
₹ 4,00,000	₹ 5,52,168	₹ 5,54,891	₹ 2,723
₹ 5,00,000	₹ 6,90,210	₹ 6,93,614	₹ 3,404
₹ 6,00,000	₹ 8,28,252	₹ 8,32,336	₹ 4,085
₹ 7,00,000	₹ 9,66,294	₹ 9,71,059	₹ 4,765
₹ 8,00,000	₹ 11,04,336	₹ 11,09,782	₹ 5,446
₹ 9,00,000	₹ 12,42,378	₹ 12,48,505	₹ 6,127
₹ 10,00,000	₹ 13,80,420	₹ 13,87,227	₹ 6,808

FD calculator: Extra maturity earnings on 6.50% vs 6.65% interest rate in 5-year FD

At 6.65%, the rate is 15 bps higher than 6.50%. A Rs 1 lakh FD would give Rs 1,39,064 at maturity, which is Rs 1,022 more than the maturity amount one can get at a 6.65% rate.

Investment	Maturity at 6.5% rate	Maturity at 6.65% rate	Extra amount earned
₹ 1,00,000	₹ 1,38,042	₹ 1,39,064	₹ 1,022
₹ 2,00,000	₹ 2,76,084	₹ 2,78,129	₹ 2,045
₹ 3,00,000	₹ 4,14,126	₹ 4,17,193	₹ 3,067
₹ 4,00,000	₹ 5,52,168	₹ 5,56,257	₹ 4,089
₹ 5,00,000	₹ 6,90,210	₹ 6,95,322	₹ 5,112
₹ 6,00,000	₹ 8,28,252	₹ 8,34,386	₹ 6,134
₹ 7,00,000	₹ 9,66,294	₹ 9,73,450	₹ 7,156
₹ 8,00,000	₹ 11,04,336	₹ 11,12,515	₹ 8,179
₹ 9,00,000	₹ 12,42,378	₹ 12,51,579	₹ 9,201
₹ 10,00,000	₹ 13,80,420	₹ 13,90,643	₹ 10,223

FD calculator: Extra maturity amount on 6.50% vs 6.70% interest rate in 5-year FD

A 20-bps rate increase, that will take the FD rate from 6.50% to 6.70%, can help you earn a higher maturity amount. On a Rs 1 lakh deposit, the additional amount can be Rs 1,365. On a Rs 10 lakh FD investment, it will be approximately Rs 13,647.

Investment	Maturity at 6.5% rate	Maturity at 6.70% rate	Extra amount earned
₹ 1,00,000	₹ 1,38,042	₹ 1,39,407	₹ 1,365
₹ 2,00,000	₹ 2,76,084	₹ 2,78,813	₹ 2,729
₹ 3,00,000	₹ 4,14,126	₹ 4,18,220	₹ 4,094
₹ 4,00,000	₹ 5,52,168	₹ 5,57,627	₹ 5,459
₹ 5,00,000	₹ 6,90,210	₹ 6,97,033	₹ 6,824
₹ 6,00,000	₹ 8,28,252	₹ 8,36,440	₹ 8,188
₹ 7,00,000	₹ 9,66,294	₹ 9,75,847	₹ 9,553
₹ 8,00,000	₹ 11,04,336	₹ 11,15,254	₹ 10,918
₹ 9,00,000	₹ 12,42,378	₹ 12,54,660	₹ 12,282
₹ 10,00,000	₹ 13,80,420	₹ 13,94,067	₹ 13,647

FD calculator: Extra maturity amount on 6.50% vs 6.75% interest rate in 5-year FD

A 25-bps rate hike will take the FD rate to 6.75%. On a Rs 1 lakh deposit, the maturity amount will be around Rs 1,39,750, which will be Rs 1,708 one can get at 6.50% rate.

On a Rs 10 lakh deposit, the extra earning can be approximately Rs 17,079.

Investment	Maturity at 6.5% rate	Maturity at 6.75% rate	Extra amount earned
₹ 1,00,000	₹ 1,38,042	₹ 1,39,750	₹ 1,708
₹ 2,00,000	₹ 2,76,084	₹ 2,79,500	₹ 3,416
₹ 3,00,000	₹ 4,14,126	₹ 4,19,250	₹ 5,124
₹ 4,00,000	₹ 5,52,168	₹ 5,58,999	₹ 6,832
₹ 5,00,000	₹ 6,90,210	₹ 6,98,749	₹ 8,539
₹ 6,00,000	₹ 8,28,252	₹ 8,38,499	₹ 10,247
₹ 7,00,000	₹ 9,66,294	₹ 9,78,249	₹ 11,955
₹ 8,00,000	₹ 11,04,336	₹ 11,17,999	₹ 13,663
₹ 9,00,000	₹ 12,42,378	₹ 12,57,749	₹ 15,371
₹ 10,00,000	₹ 13,80,420	₹ 13,97,499	₹ 17,079