How to Add Biller for SIP Transactions in Union Bank of India?

People who invest in Mutual Fund can choose SIP or Systematic Investment plan as a mode of investment. In this mode, people need to pay a small amount at regular intervals in the scheme to attain their objectives. Through SIP, people can ensure that their current budget doesn’t get hampered and their objectives are also achieved. With the advancements in technology, people can do their SIP through Net Banking channel.

In case of Opting for Net Banking, individuals receive a Unique Registration Number or URN once their first payment is done. They need to add this URN to the biller through Net Banking so that their future SIP payments gets automated. Only, you need to ensure that there are adequate funds in the Bank account. The process of adding biller to net banking is different for each bank. So, let us check the process of adding biller for SIP transactions in case of Union Bank of India which can be done in six simple steps.

Login & Select Bill Presentment Tab

This is the primary step in case of adding a biller. First, you need to log onto your net banking by entering your credentials. Once you log in, you can see your home screen. Here, on the top of the screen, you can see various tabs such as Accounts, Demat, Transfers, and much more. Out of this, you need to select on Bill Presentment tab. The image for this step is given below where Bill Presentment tab is highlighted in Black.

Select the Option Add Biller/Instant Pay

Once you click on Bill Presentment tab, a new screen opens up. In this screen, you can find various options on the left side of the screen. Here, you need to check for the option Add Biller/ Instant Pay under the heading My Billers. The image for this screen is given below where the Add Biller/ Instant Pay and My Billers option both are highlighted in Black.

Choose BSE Limited Under Mutual Funds

This is the third step in the process of adding biller. In this step, once you click on Add Biller/ Instant Pay option; a new pop up opens up in which there are various payments options such as Utility Payments, insurance Premia, and others. Here, you need to select the Mutual Fund Option. Once you click on Mutual Fund option, a drop-down next to it gets enables where you need to select the option of BSE Limited. Once you click on BSE Limited, you need to Click on Go. The image for this step is given below where Mutual Funds and BSE Limited option are highlighted in Black.

Add Unique Registration Number

After clicking on Go in the previous step, a new screen opens where you are required to enter your URN number. This URN number is the one which you receive in your emails after making payments of the first SIP. If you do not receive email for SIP registration then don't worry. You can access the same from the website of www.fincash.com by logging in and visiting the My SIPs Section. You also need to add a short name to your biller. Once you add both the data, you need to click on Register. The image for the same is given below where the URN is highlighted in Black.

Summary of Data Filled

Once you click on Register, a new screen gets opened where you can see the relevant filled information. Once you verify and check it, you can click on Confirm. If you feel that there is some mistake in the data, then you need to click on Back. The image for this step is given below as follows where the Confirm button is highlighted in Black.

Confirmation

This is the last step in the process of biller addition in Union Bank of India. Once you click on Confirm option a new screen pops out which shows that the biller is successfully registered. The image for this step is as follows where the Congrats message is highlighted in Green.

Therefore, through the above-mentioned steps, we can conclude that to add a biller in case of Union Bank of India is easy.

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