Steps to activate your SIP through HDFC Netbanking:

  1. Go to HDFC netbanking page
  2. Login with your credentials into your account.
  3. Go to BillPay & Recharge > Add Biller > Click on Continue.

SIP in HDFC bank-Welcome

3. Click on Mutual Funds

SIP in HDFC bank-Add Biller

4. Select the Mutual fund company that you wish to add(Eg: Birla Sun Mutual Fund).

SIP in HDFC bank-Select mutual fund

5. 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 bank-Biller Details

6. Click confirm again

SIP in HDFC bank-authorize biller

7. You will see that the biller has been approved on the confirmation screen.

SIP in HDFC bank-biller confirmation

8. 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.

Invest in Mutual funds

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Invest in Mutual funds

Invest in best-performing funds and create wealth with ClearTax

Start Investing Now