How to Add Biller for SIP Transactions in Banks for Net Banking?

SIP or Systematic Investment plan is an investment mode wherein; people invest small amounts in Mutual Fund schemes at regular intervals. SIP has many advantages such as rupee cost averaging, the Power of Compounding, disciplined savings habit, and so on. With the advancements in technology, the process of SIP payments has become easy. People just need to add the Unique Registration Number (URN) which they receive after the first payment is done to their Bank accounts through Net Banking so that the SIP payment process gets automated. You will receive the URN number either in your email or else; you can get the same in your by accessing the website of Fincash.com and going to My SIPs section. However, the process of adding biller in case of SIP transactions is different for each bank. So, let us glance the steps for biller addition in case of SIP transactions through Net Banking for various banks.

Biller Addition Process for ICICI Bank

In case of biller addition in ICICI Bank, you need to log in to your account and select Payment & Transfer Tab. In this tab, you need to select the Mutual Fund option. Once you select this option, a new screen opens where you need to select the Register option under Pay New Bills section. Then, a new screen will open Mutual Fund Option, and in the scroll below, click on BSE ISIP#. Once you press enter by selecting BSE ISIP#, you need to enter your URN along with other details and select confirm. Once you click on Confirm, the biller gets confirmed and your SIP payment process gets automated.

For understanding the process in detail, the read the article How to Do SIP Through Net Banking on Fincash.com Using ICICI Bank?

Biller Addition Process for Axis Bank

The biller addition process in case of Axis Bank is different as compared to ICICI Bank. Here, once you log in with your credentials, on the Home Screen, you need to click on Payments Tab and select Pay Bills option on it. Once you click on Pay Bills, a new screen opens where you need to click on Add Biller option. After clicking on this option, in the new screen, you will find various options related to various billers like insurance premia, utility payments where you select Mutual Funds. Under Mutual Funds option, you will select BSE Limited option. After you click on this option and move ahead, on the next page, you need to enter your URN and other related details and press enter. Then, in the new screen, you need to confirm the details before proceeding ahead. Onnce you proceed ahead, in the new screen you need to enter the NetSecure Code or One Time Password that you would receive on your mobile number. After entering the OTP once you press enter, your biller is successfully added in Axis Bank for SIP transactions.

For understanding the process in detail, the read the article How to Add Biller for SIP Transactions in Axis Bank?

Biller Addition Process in HDFC Bank

In HDFC Bank after you log in, click on BillPay & Recharge tab. Once you click on this tab, a new screen opens wherein; you need to select the Registered New Biller box and select Click here to add option. After selecting this option, again a new screen opens where you will select Mutual Funds and BSE Limited in the drop-down next to Mutual Funds. After selecting on BSE Limited and you click on Continue, on the new screen you will enter your URN and other related details and click Continue. Once, you click on Continue, the biller gets added automatically to your system and enables automated payments of your SIP.

For understanding the process in detail, the read the article How to Add Biller for SIP Transactions in HDFC Bank?

Biller Addition Process in State Bank of India (SBI)

In SBI, once you log in using your credentials, you need to click on the Bill Payments option on the home screen. Once you enter here, you need to click on Manage Biller option on the left side of the screen. After Clicking on Manage Biller, you will select Add tab and select All India Billers under this option. Post selecting the All India Billers option, you will select the BSE Limited option and click on Go. After clicking this option, in the new screen that opens; you need to enter your URN and other related details and click on Submit. Once you click on Submit your biller is added successfully thereby; enabling the SIP payment process to get automated.

For understanding the process in detail, the read the article How to Add Biller for SIP Transactions in SBI?

Biller Addition Process in Union Bank of India

For Union Bank of India, the initial process is the same where you log in your accounts using your log in credentials. In your home screen, you need to select Bill Presentment option. After clicking on the Bill Presentment option, select the Add Billers/Instant Pay option under the head My Billers option. In the next step, you need to select Mutual Funds and BSE Limited in the type of payments and move on to the next step. In the next step, you need to add the URN and click on Register. The next page is a Summary page where you can check the details and click on Confirm to successfully register the biller.

For understanding the process in detail, the read the article How to Add Biller for SIP Transactions in Union Bank of India?

Biller Addition Process in Yes Bank

To add biller in Yes Bank, first log in your account. Once you are on the home screen, you need to click on Bill Pay option. Once you click on Bill Pay option, a new screen opens up, wherein; you need to click on Add Biller option. Once this is done, a new screen opens up wherein on Biller Location you need to click on National and in Biller, you need to click on BSE Limited. After clicking on BSE Limited, a new page opens where you need to enter your URN and fill other relevant components. After this, you need to click on Continue. Then, a new screen opens where you can see the summary of your details entered finally click on Confirm. After this, the biller is successfully registered and the SIP payment process gets automated.

For understanding the process in detail, the read the article How to Add Biller for SIP Transactions in Yes Bank?

Biller Addition Process in Kotak Mahindra Bank

This process is again simple in which you first log in to the account and in your home screen click on the BillPay/Recharge option. Once you click on this, a new screen opens up which shows a message Click here to add a biller. Once you click on this option, in the new screen select Mutual Funds in the type of biller and BSE Limited in the select company drop-down. After selecting both of them, click on Continue. This action takes you to a new screen where you need to enter the URN along with other details and click on Add Biller. Once you click on Add Biller, the next page shows the summary of your URN details where you need to click on Confirm. Once you click, the biller gets registered thereby; enabling the automated SIP payment process.

For understanding the process in detail, the read the article How to Add Biller for SIP Transactions in Kotak Mahindra Bank?

Biller Addition Process in IDFC Bank

The process of adding a biller in IDFC Bank is quiet simple. Here, you first need to log in to the IDFC net banking account and in you home screen, click on the Bill Pay option. Once you click on the Bill Pay option, a drop-down opens which has various options such as View/Pay Bills, Quick Pay, and much more. Out of these options, you need to select the Add Biller option. Once you click on Add Biller, a new window opens up where you need to add Biller Details. In this step you need to add the URN and other details such as Category of Payment, Provider, and click on Set for Auto Pay option. Post you click on Set for Auto Pay, a drop down opens where you need to enter the account from which the payment will be made, start date of SIP and so on. After entering these details you need to click on Add Biller button. After click, a new screen opens where you can see the details you have entered. Also, you can see a box where you need to enter the OTP which you will receive in your registered mobile number. After you enter the OTP and click on Verify; your biller addition process is done and you get a confirmation message. This will help you to ensure that all future SIP payments get automated.

For understanding the process in detail, the read the article How to Add Biller for SIP Transactions in IDFC Bank?

Biller Addition Process in IndusInd Bank

The process of adding a biller in IndusInd Bank is different from other banks. First-of-all, once you log into the bet banking system of IndusInd Bank, you need to click on Bill Payments tab which is on the top of the screen. Once you click on bill payments, a new screen opens in which you need to click on Manage Biller tab which is on the left side of the screen and then click on Add Biller option. Once you click on Add Biller then, you are redirected to a new screen in which there are various bill payment options. Here, you need to click on Mutual Fund option and then select BSE Limited from the drop-down against Mutual Funds. After selecting Go, in the new screen you need to add your URN along with other details and click on Register. After you click on Register a new screen opens where you need to verify the URN details and then click on Confirm. Once you click on Confirm, a new screen opens in which you can see that the Biller addition process is successful. However, the process does not end here. After adding the biller, you need to click on Schdule Payments tab and select Edit Payments option under it. Once you click on Edit Payments, a new screen opens where you can see the Mutual Fund SIP Biller added. Here you need to click on Set button in the Mutual Funds. Once you click on Set, a new AutoPay screen opens up in which you need to enter the payment details such as Click Yes on Pay Entire Bill Amount, select Payment Mode as Net Banking and the Account Number from which you wish to make payments. After entering the details you then need to click on Go button. Then again, you will get a Verification page wherein; you need to verify the details and click on Confirm. Post confirmation, your AutoPay details get activated therby ensuring that your SIP payment is automated.

For understanding the process in detail, the read the article How to Add Biller for SIP Transactions in IndusInd Bank?

Biller Addition Process in Punjab National Bank (PNB)

The process of biller addition in case of SIP transactions in Punjab National Bank (PNB) can be done through mobile banking. Here, first you need to open the PNB application on your mobile. Once you open it, you need to enter your User ID and MPIN and click on Login. Once you click on login and reach your homescreen, then you need to click on the Payments/Recharge section in your home screen. Then, you will be redirected to a new screen, where you need to click on Register Biller. Then again, a new screen opens in which you need to click on Mutual Fund option. Under Mutual Fund option, you can find an array of billers out of which you need to select the BSE Limited option. Once you click on this, a new screen will open. In this new screen, you need to add your URN of the SIP transaction and nickname for the SIP and finally, click on continue. After this, in the new screen, you need to set up the autopay options and finally add the OTP so that the biller for SIP transactions, gets added successfully.

For understanding the process in detail, the read the article How to Add Biller for SIP Transactions in Punjab National Bank?

Thus, from the above steps, we can say that the biller addition process for each bank though is different yet; it's easy.

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