Investing in mutual funds just became easy! Now you can enrol for systematic investments plans (SIPs) online using the i-SIP facility. It is an absolutely paperless facility. Under i-SIP, you may initiate an SIP for funds using a secure and automated gateway. To use the i-SIP facility, you need to have Netbanking-enabled account which needs to be KYC compliant as well. The bank where you are holding a saving account has to be the one approved to offer an i-SIP facility. You can follow these easy steps to avail an i-SIP facility. Steps to activate your SIP through HDFC Netbanking:

  1. Go to HDFC netbanking page
  2. Login with your credentials into your account.
  3. Inside HDFC Net Banking Portal Go to BillPay & Recharge > Add Biller > Click on Continue.
hdfc netbanking 4. Click on Mutual Funds SIP in HDFC bank-Add Biller 5. Select the Mutual fund company that you wish to add (Eg: Birla Sun Mutual Fund). SIP in HDFC bank-Select mutual fund 6. You will come to the biller details screen. Enter the following as described in the image below:
  • Add unique registration number(URN) for that fund shared with you.
  • Add any nick name to identify the SIP(Eg: Birla SIP)
  • Set standing instruction as Yes.
  • Set Pay entire bill amount as Yes.
  • Set payment mode as bank account
  • Select bank account from the drop down list
  • Click Continue to save
SIP in HDFC netbanking bank-Biller Details 7. Click confirm again SIP in HDFC bank-authorize biller 8. You will see that the biller has been approved on the confirmation screen. SIP in HDFC bank-biller confirmation 9. You can view the added billers under registered billers section. SIP in HDFC bank-view/delete biller

Why should you do this?

  • Hasslefree – You do it once and every month your investments get done automatically.
  • Paperless – No need to sign any cheques or courier any documents.
  • Secure – It’s completely safe as all your investments go through your net banking account.