The Economic Times

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 has increased the repo rate from 5.25% to 5.50% during its recent meeting. This hike is expected to encourage banks to raise their fixed deposit interest rates soon. Customers could earn considerably more on their fixed deposits with even small increases in interest rates. Detailed calculations show potential increases in maturity amounts for varying deposit sizes.