What is an IFSC?
An IFSC identifies a bank branch for electronic transfers. Its 11 characters include a bank prefix, a zero in the fifth position and a branch identifier. Finding a code does not verify an account or beneficiary.
01 · IFSC LOOKUP
Look up an IFSC code
Find bank and branch details.
Example: SBIN0000001
02 · INSTANT CALCULATORS
Instant calculators
MONTHLY EMI₹19,967
Axis Bank · 7.35% p.a.
- Principal
- ₹10,00,000
- Total interest
- ₹1,98,005
- Total repayment
- ₹11,98,005
Monthly reducing balance. Fees and rate changes excluded.
Estimates only. Confirm current rates, fees and eligibility with the lender.
03 · LENDER COMPARISON
Compare bank rates
Compare rates and estimated returns or repayments from up to three lenders.
Confirm current rates and fees with the lender.
Banking basics & calculation tips
BANKING BASICS
A few things worth understanding.
IFSC vs MICR
IFSC is used for electronic routing. MICR is a numeric code associated with cheque processing. They serve different purposes and are not interchangeable.
NEFT, RTGS and IMPS
These are bank transfer systems with different settlement processes and transaction conditions. Check your bank’s channel limits, charges and availability before sending money.
What does an EMI include?
Each monthly instalment pays some interest and some principal. Earlier payments usually contain more interest because the outstanding loan balance is higher.