diff --git a/src/wallet/walletdb.cpp b/src/wallet/walletdb.cpp
index f392649bd9f..3e99d145d89 100644
--- a/src/wallet/walletdb.cpp
+++ b/src/wallet/walletdb.cpp
@@ -556,9 +556,9 @@ ReadKeyValue(CWallet* pwallet, CDataStream& ssKey, CDataStream& ssValue,
                 }
                 if (internal) {
                     chain.nVersion = CHDChain::VERSION_HD_CHAIN_SPLIT;
-                    chain.nInternalChainCounter = std::max(chain.nInternalChainCounter, index);
+                    chain.nInternalChainCounter = std::max(chain.nInternalChainCounter, index + 1);
                 } else {
-                    chain.nExternalChainCounter = std::max(chain.nExternalChainCounter, index);
+                    chain.nExternalChainCounter = std::max(chain.nExternalChainCounter, index + 1);
                 }
             }
         } else if (strType == DBKeys::WATCHMETA) {