How to Add i-SIP URN Number in SBI Netbanking

Investing in mutual funds is now simpler than ever with the online i-SIP (Systematic Investment Plan) facility. This entirely paperless process allows you to easily set up SIPs through a secure and automated gateway. To utilize i-SIP, you'll need a net banking-enabled account that is KYC compliant, along with the Unique Registration Number (URN) from the mutual fund you wish to invest in. It's also important that your bank is authorized to offer the i-SIP facility. If you bank with State Bank of India (SBI), you can conveniently activate your SIPs through SBI Netbanking.

How to add i-SIP URN in SBI?

You can follow these easy steps to avail an i-SIP facility. Steps to activate your SIP through SBI Netbanking:

Step 1: Go to SBI netbanking page.

Step 2: Login with your credentials into your account.

Step 3: Click on the Bill Payments tab and select Pay Bills option.

Step 4: Scroll down and click on Proceed button.

Step 5: You will be redirected to SBI Unipay portal. Click on Manager Billers option.

Step 6: Click on the Add New Biller option to register new bill.

Step 7: You will come to the manage biller details screen. Select the mutual fund company that you wish to add from the drop-down list.

Step 8: Enter the following :

• Add any nick name to identify the SIP (Eg: Axis SIP)
• Add unique registration number (URN) for that fund shared with you.
• Set Auto Pay required as Yes.
• Leave Auto Pay limit blank.
• Select the account from which money should be deducted.
• Click submit.

Step 9: Enter the OTP received on your mobile phone. 

Step 10: Click confirm to complete mutual fund SIP registration. That’s it your automatic mandate has been activated. Now you need not remember about paying SIP each month.

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.