The process of biller addition for various banks is as follows.
Axis Bank: First individuals need to log into their bank account. Once you login, click on Payments tab and select Pay Bills Option. Then select Add New biller and select BSE Limited under Mutual Fund category. Then you need to enter the biller details such as the URN, bank account from which payments need to be debited, click on Pay Entire Bill, and select AutoPay option. Once you fill all the details and click on confirm, the biller gets added to your Axis Bank account thereby; automating the SIP process.
For complete details, read here: https://www.fincash.com/l/guide/add-biller-sip-transaction-axis-bank
HDFC Bank: Once individuals log into their accounts, they need to click on BillPay & Recharge option on the home page. Once they click on it, a new screen opens in which you need to select Register New Biller option. Then you need to select Mutual Funds and select BSE Limited in the drop-down against it. Once you select BSE Limited and select Ok, in the next page, you need to enter the URN of the SIP and other details. Here, you should select standing instruction for AutoPay option and select Pay Entire Bill Amount. Once you fill in the details and click on Continue the biller gets added to the HDFC bank account automating the SIP payment process.
For complete details, read here: https://www.fincash.com/l/guide/add-biller-sip-transaction-hdfc-bank
State Bank of India: Primarily, log into your SBI net banking and in the home page, click on Bill Payments option. Then, a new will open wherein; you need to select Manage Billers option which is on the left side of the screen. Then, you need to select All India Billers and select BSE Limited in the biller name and click on Go. Then, on the new page, you need to enter the URN and select Yes against the AutoPay option. You should also select the account number against which the payment should be done. Once you fill all the details, you need to click on Submit. This will help to ensure that the SIP process is automated by successfully adding the biller.
For complete details, read here: https://www.fincash.com/l/guide/add-biller-sip-transaction-sbi
Union Bank of India: Once you log into your account, you need to select on Bill Presentment tab on the home screen. Once you click on it, a new page opens in which you should select Add Biller/ Instant Pay option under My Billers Tab. In the next step, you need to select Mutual Funds and then BSE Limited in the drop-down against it. Then you need to add your URN and click on Register. Then you will get a verification page in which you need to check the data and click on Confirm. Finally, the biller gets added automating the SIP payment process.
For complete details, read here: https://www.fincash.com/l/guide/add-biller-sip-transaction-union-bank-of-india
Kotak Mahindra Bank: To add biller in Kotak Mahindra Bank first log into your net banking account. Then, on the home screen, you need to select BillPay/Recharge Option. A new page will open in which you should select Click Here to Add a Biller. In the next step, you need to select Mutual Fund option and select BSE Limited from the drop-down following it. Then on the new page, you need to add the SIP details such as URN along with other details. Here, you should select Yes option against Set AutoPay and click on Add Biller. Then, you will find a verification page where you can verify the details and click on Confirm. These steps will help you to add biller in Kotak Mahindra Bank and automate your SIP payment process.
For complete details, read here: https://www.fincash.com/l/guide/add-biller-sip-transaction-kotak-mahindra-bank
ICICI Bank: First log into your net banking account and click on Payments & Transfer Tab. In the drop-down select Bill Payments. Then click on Register under Pay New Bills Section. Then click on Mutual Fund option & select BSE ISIP option and click Register. Then enter the SIP details such as the URN, select Yes for Auto Pay, amount to be paid, and select Next. Then, you get a confirmation for biller registration thus, automating the SIP payments.
For complete details, read here: https://www.fincash.com/l/guide/add-biller-sip-transaction-icici-bank
IDFC Bank: First log into your account and select Bill Pay option on the home screen. Under Bill Pay option, select Add Biller. Then add bill details such as in category, you need to choose Mutual Funds, BSE Limited in the provider, your URN and select Set for Auto Pay. Then enter the payment details such as the account to be debited, start date and click on Add Biller. Then you will receive an OTP and click on Verify. Therefore, the biller will get added to your IDFC Bank.
For complete details, read here: https://www.fincash.com/l/guide/add-biller-sip-transaction-idfc-bank
IndusInd Bank: Log into your net banking and select Bill Payments. Then select Add Billers option in Manage Billers tab. Then, in the new screen, you need to select Mutual Funds option and select BSE Limited, in the drop-down against it. Then, enter the URN and click Register. You will get a verification page in which you need to click Confirm. Thus, the biller is added. Then you need to click on Schedule Payments and choose Edit Payments option. Then against BSE Limited, you need to click on Set and enter the payment details. Then again you will get a confirmation page and click on Confirm to automate the payment process.
For complete details, read here: https://www.fincash.com/l/guide/add-biller-sip-transaction-indusind-bank
Yes Bank: Once you log into your account, click on Add Billers in Bill Pay Tab on the home screen. Then you need to select Biller Location as National and BSE Limited in Biller. Then add the URN click on Continue where you will get a verification page in which you need to click on Confirm. Once you click on it, the biller is added. Then click on Manage Auto Payments under Auto Bill Payment Tab. Click on Set, against the URN Added. Then select pay Entire Bill Amount and other details. Again you get a verification page in which you need to select Confirm and the AutoPay option gets set.
For complete details, read here: https://www.fincash.com/l/guide/add-biller-sip-transaction-yes-bank
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