How to Add Biller for SIP Transactions in Net Banking (All Banks Guide)

Updated on May 8, 2026 , 28198 views

SIP (Systematic Investment plan) is a popular investment mode wherein individuals invest small amounts in mutual fund schemes at regular intervals. It offers benefits such as rupee cost averaging, Power of Compounding, and disciplined Investing.

With advancements in digital banking, SIP payments can now be automated easily through Net Banking. To enable this, investors need to add a biller using their URN (Unique Registration Number).

Once the biller is successfully added, your SIP instalments are automatically debited from your Bank account, ensuring a smooth and hassle-free investment journey.

What is URN in SIP?

URN (Unique Registration Number) is generated after your first SIP transaction is completed.

You can:

Receive it via email
Or access it by logging into Fincash and visiting the My SIPs section

This URN is essential for linking your SIP with your bank account for autopay setup.

Biller Addition Process for ICICI Bank

In ICICI Bank, the process of adding a biller for SIP transactions is simple but requires careful selection of the correct biller option.

First, log in to your icici net banking account. Once logged in, navigate to the Payments & Transfer tab available on the dashboard.
Under this section, select the Mutual Fund option. After clicking on it, a new screen will open where you need to choose the Register option under the Pay New Bills section.
Next, in the list of billers, scroll and select BSE ISIP#. This is the correct biller for SIP transactions.
After selecting the biller, you will be prompted to enter your URN (Unique Registration Number) along with other relevant details.
Once you enter all the details correctly, click on Confirm. After confirmation, the biller gets successfully registered, and your SIP payments will be automated.

For a detailed step-by-step guide, read: How to Do SIP Through Net Banking on Fincash.com Using ICICI Bank?

Biller Addition Process for Axis Bank

For Axis Bank, the biller addition process involves multiple verification steps to ensure secure transactions.

Begin by logging in to your Axis Bank Net Banking account. On the home screen, click on the Payments tab and select the Pay Bills option.
In the next screen, click on Add Biller. You will see various biller categories such as insurance, utilities, etc. From these options, select Mutual Funds.
Under Mutual Funds, choose BSE Limited as the biller.
Proceed to the next step where you will be required to enter your URN and other relevant details.
After entering the details, verify them carefully and proceed. You will then receive a NetSecure Code / OTP on your registered mobile number.
Enter the OTP to complete verification. Once verified, your biller will be successfully added, and SIP payments will be automated.

For a detailed step-by-step guide, read: How to Add Biller for SIP Transactions in Axis Bank?

Biller Addition Process in HDFC Bank

In HDFC Bank, adding a SIP biller is a straightforward process through the BillPay section.

Log in to your HDFC Net Banking account and navigate to the BillPay & Recharge tab.
Once inside, select the option to Add New Biller. On the next screen, choose:
- Category: Mutual Funds
- Biller: BSE Limited
After selecting the biller, click on Continue.
You will now be required to enter your URN and verify other details.
Once the details are entered, click on Continue again. After successful confirmation, the biller gets added and your SIP payments will be automatically processed.

For a detailed step-by-step guide, read: How to Add Biller for SIP Transactions in HDFC Bank?

Biller Addition Process in State Bank of India (SBI)

For SBI, the process is slightly structured but easy to follow.
Log in to your SBI Net Banking account and click on the Bill Payments option available on the home screen.
Next, click on Manage Biller, which is usually located on the left side of the screen.
Under this section, select the Add option and choose All India Billers.
From the list of billers, select BSE Limited and click on Go.
On the next screen, enter your URN and any other required details.
After entering the details, click on Submit. Once submitted, the biller gets added successfully, and your SIP payments will be automated.

For a detailed step-by-step guide, read: How to Add Biller for SIP Transactions in SBI?

Biller Addition Process in Union Bank of India

For Union Bank of India, the process of adding a biller for SIP transactions is simple, but it is important to follow each step carefully to ensure smooth automation.

First, log in to your Union Bank Net Banking account.
Once you are on the home screen, click on the Bill Presentment option.
Under this section, navigate to My Billers and select Add Billers / Instant Pay.
On the next screen:
- Select Mutual Funds as the category
- Choose BSE Limited as the biller
Proceed further and enter your URN (Unique Registration Number) along with any required details.
After entering the details, click on Register.
A summary page will appear where you should verify all the information carefully. Once verified, click on Confirm.
After confirmation, the biller will be successfully added, enabling automatic SIP payments.

For a detailed step-by-step guide, read: [How to Add Biller for SIP Transactions in Union Bank of India?(https://www.fincash.com/l/guide/add-biller-sip-transaction-union-bank-of-india)

Biller Addition Process in Yes Bank

To add a SIP biller in Yes Bank, start by logging in to your Net Banking account.

On the home screen, click on the Bill Pay option.
Next, select Add Biller. In the new screen:
- Choose National under Biller Location
- Select BSE Limited as the biller
Proceed to the next step where you will enter your URN and other relevant details.
After entering the details, click on Continue.
A summary page will appear where you can review your details. Once verified, click on Confirm to complete the process.

For a detailed step-by-step guide, read: How to Add Biller for SIP Transactions in Yes Bank?

Biller Addition Process in Kotak Mahindra Bank

In Kotak Mahindra Bank, the process is quick and user-friendly.

Log in to your Net Banking account and navigate to BillPay/Recharge.
Click on the option Add a Biller.
On the next screen:
- Select Mutual Funds as the category
- Choose BSE Limited as the biller
Click on Continue, and you will be prompted to enter your URN and other details.
After entering the details, click on Add Biller.
A summary screen will appear where you can verify the details. Click on Confirm to complete the process.

For a detailed step-by-step guide, read: How to Add Biller for SIP Transactions in Kotak Mahindra Bank?

Biller Addition Process in IDFC Bank

For IDFC FIRST Bank, the process includes setting up autopay along with biller registration.

Log in to your Net Banking account and go to the Bill Pay section.
Click on Add Biller.
Enter your URN and select the appropriate category and provider (Mutual Funds → BSE Limited).
Next, enable the Auto Pay option.
You will be asked to select:
- Account number
- SIP start date
After entering the details, click on Add Biller.
Finally, verify the process using OTP. Once completed, your SIP biller will be successfully added.

For a detailed step-by-step guide, read: How to Add Biller for SIP Transactions in IDFC Bank?

Biller Addition Process in IndusInd Bank

In IndusInd Bank, the process involves two steps: adding the biller and activating autopay.

First, log in to your Net Banking account and go to the Bill Payments tab.
Click on Manage Biller and then select Add Biller.
Choose:
- Category: Mutual Funds
- Biller: BSE Limited
Enter your URN and click on Register.
After registration, verify the details and click on Confirm.
Next, go to the Schedule Payments section and select Edit Payments.
Find the added SIP biller and click on Set.
In the AutoPay screen:
- Select Pay Entire Bill Amount
- Choose payment mode as Net Banking
- Select your account
Verify and confirm the details to activate AutoPay.

For a detailed step-by-step guide, read: How to Add Biller for SIP Transactions in IndusInd Bank?

Biller Addition Process in Punjab National Bank (PNB)

In PNB, the process is usually completed through mobile banking.

Open the PNB mobile application and log in using your credentials.
On the home screen, go to Payments/Recharge and select Register Biller.
Choose:
- Category: Mutual Fund
- Biller: BSE Limited
Enter your URN and assign a nickname.
Proceed to set up AutoPay and verify using OTP.
Once completed, your SIP biller will be successfully registered.

For a detailed step-by-step guide, read: How to Add Biller for SIP Transactions in Punjab National Bank?

Biller Addition Process in Bank of India (BOI)

For Bank of India, the biller addition process can be done through Net Banking.

First, log in to your BOI Net Banking account.
Navigate to the Bill Payments / BillPay Services section.
Click on Add Biller.
On the next screen:
- Select Mutual Funds as the category
- Choose BSE Limited as the biller
Proceed further and enter your URN (Unique Registration Number) along with the required details.
After entering the details, verify them carefully and click on Confirm.
You may receive an OTP on your registered mobile number for verification.
Once verified, the biller will be successfully added. You can then enable Auto Debit / Standing Instruction to ensure that your SIP payments are processed automatically.

Fund Selection Methodology used to find 5 funds

Investment Option: SIP
AUM Range: 500 to 100000 Cr
Sorted On : 5-year return (high to low)
No Of Funds: 5

Best SIPs to Invest to Earn Better Returns

Here are some of the recommend SIPs as per 5 year returns and AUM of more than INR 500 Cr:

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
ICICI Prudential Infrastructure Fund Growth	₹203.11 ↓ -0.97	₹7,554	100	4	2.4	13.2	24	26.1	6.7
SBI PSU Fund Growth	₹35.8059 ↓ -0.59	₹5,891	500	1.2	6.6	19.4	30.2	25.7	11.3
Nippon India Power and Infra Fund Growth	₹387.566 ↓ -0.63	₹6,534	100	12.7	10.9	21.3	27.1	25.7	-0.5
DSP India T.I.G.E.R Fund Growth	₹353.115 ↓ -0.11	₹4,979	500	11.8	12.1	23.8	27.2	25.6	-2.5
DSP World Gold Fund Growth	₹60.9806 ↑ 0.72	₹1,769	500	3.7	43.7	111.1	46.6	25.5	167.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 8 May 26

Research Highlights & Commentary of 5 Funds showcased

Commentary	ICICI Prudential Infrastructure Fund	SBI PSU Fund	Nippon India Power and Infra Fund	DSP India T.I.G.E.R Fund	DSP World Gold Fund
Point 1	Highest AUM (₹7,554 Cr).	Lower mid AUM (₹5,891 Cr).	Upper mid AUM (₹6,534 Cr).	Bottom quartile AUM (₹4,979 Cr).	Bottom quartile AUM (₹1,769 Cr).
Point 2	Established history (20+ yrs).	Established history (15+ yrs).	Oldest track record among peers (22 yrs).	Established history (21+ yrs).	Established history (18+ yrs).
Point 3	Rating: 3★ (lower mid).	Rating: 2★ (bottom quartile).	Top rated.	Rating: 4★ (upper mid).	Rating: 3★ (bottom quartile).
Point 4	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.
Point 5	5Y return: 26.07% (top quartile).	5Y return: 25.68% (upper mid).	5Y return: 25.67% (lower mid).	5Y return: 25.57% (bottom quartile).	5Y return: 25.47% (bottom quartile).
Point 6	3Y return: 24.01% (bottom quartile).	3Y return: 30.18% (upper mid).	3Y return: 27.07% (bottom quartile).	3Y return: 27.24% (lower mid).	3Y return: 46.58% (top quartile).
Point 7	1Y return: 13.19% (bottom quartile).	1Y return: 19.43% (bottom quartile).	1Y return: 21.29% (lower mid).	1Y return: 23.78% (upper mid).	1Y return: 111.09% (top quartile).
Point 8	Alpha: 0.00 (upper mid).	Alpha: -1.15 (bottom quartile).	Alpha: -0.88 (bottom quartile).	Alpha: 0.00 (lower mid).	Alpha: 1.04 (top quartile).
Point 9	Sharpe: -0.38 (bottom quartile).	Sharpe: 0.27 (upper mid).	Sharpe: -0.19 (bottom quartile).	Sharpe: -0.01 (lower mid).	Sharpe: 2.16 (top quartile).
Point 10	Information ratio: 0.00 (upper mid).	Information ratio: -0.31 (bottom quartile).	Information ratio: 0.38 (top quartile).	Information ratio: 0.00 (lower mid).	Information ratio: -0.83 (bottom quartile).

ICICI Prudential Infrastructure Fund

Highest AUM (₹7,554 Cr).
Established history (20+ yrs).
Rating: 3★ (lower mid).
Risk profile: High.
5Y return: 26.07% (top quartile).
3Y return: 24.01% (bottom quartile).
1Y return: 13.19% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: -0.38 (bottom quartile).
Information ratio: 0.00 (upper mid).

SBI PSU Fund

Lower mid AUM (₹5,891 Cr).
Established history (15+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: High.
5Y return: 25.68% (upper mid).
3Y return: 30.18% (upper mid).
1Y return: 19.43% (bottom quartile).
Alpha: -1.15 (bottom quartile).
Sharpe: 0.27 (upper mid).
Information ratio: -0.31 (bottom quartile).

Nippon India Power and Infra Fund

Upper mid AUM (₹6,534 Cr).
Oldest track record among peers (22 yrs).
Top rated.
Risk profile: High.
5Y return: 25.67% (lower mid).
3Y return: 27.07% (bottom quartile).
1Y return: 21.29% (lower mid).
Alpha: -0.88 (bottom quartile).
Sharpe: -0.19 (bottom quartile).
Information ratio: 0.38 (top quartile).

DSP India T.I.G.E.R Fund

Bottom quartile AUM (₹4,979 Cr).
Established history (21+ yrs).
Rating: 4★ (upper mid).
Risk profile: High.
5Y return: 25.57% (bottom quartile).
3Y return: 27.24% (lower mid).
1Y return: 23.78% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: -0.01 (lower mid).
Information ratio: 0.00 (lower mid).

DSP World Gold Fund

Bottom quartile AUM (₹1,769 Cr).
Established history (18+ yrs).
Rating: 3★ (bottom quartile).
Risk profile: High.
5Y return: 25.47% (bottom quartile).
3Y return: 46.58% (top quartile).
1Y return: 111.09% (top quartile).
Alpha: 1.04 (top quartile).
Sharpe: 2.16 (top quartile).
Information ratio: -0.83 (bottom quartile).

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.