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Save Upto Rs. 45,000 Taxes by Investing in ELSS

Steps to activate your SIP through SBI Netbanking:

  1. Go to SBInetbanking page
  2. Login with your credentials into your account.
  3. Select the Bill payments Tab

SIP in SBI bank-Welcome

3. Select Manage Bills from the left side column.

SIP in SBI bank-Manage Biller

4. Select the Add tab to register new biller

SIP in SBI bank-Add Biller

5. Select the mutual fund company that you wish to add from the drop down list(Eg: Axis mutual fund)

SIP in SBI bank-Select mutual fund

6. You will come to the manage biller details screen. Enter the following as described in the image below:

  • 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 account from which money should be deducted.
  • Click submit

SIP in SBI bank-Biller details

7. Enter the OTP received on your mobile phone.

8. Click confirm to complete mutual fund SIP registration.

SIP in SBI bank-Confirm 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.

 

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