Log In Sign Up
File Income Tax Returns Yourself for FREE

Investing in mutual funds just became easy! Now you can enroll in systematic investments plans (SIPs) online using the i-SIP facility. It is an absolutely paperless facility.

Under i-SIP, you may initiate a 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 i-SIP through Kotak Netbanking:

  1. Go to kotak netbanking page
  2. Login with your credentials into your account.
  3. Go to BillPay/Recharge.

SIP in kotak bank-Welcome

4. Select Click here to add a biller

SIP in kotak bank-Add biller

 

5. Select the Mutual Funds option and select the mutual fund company that you wish to add (Eg: Axis Mutual Fund ISIP)

SIP in kotak bank-Select mutual fund

6. You will come to the 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 Autopay as Yes.
  • Set Bill amount as Pay full amount.
  • Set pay via bank account
  • Select account number from the drop down list
  • Click Add biller to save

SIP in kotak bank-Biller details

7. Click on confirm to add the biller.

SIP in kotak 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.

File Income Tax Return Yourself for FREE

Start Your Tax Return