How to Add i-SIP URN Number in Kotak Netbanking

Investing in mutual funds just became easy! Now you can enroll in systematic investment plans (SIPs) online using the i-SIP facility. It is an absolutely paperless facility. Under i-SIP, you can initiate a SIP for funds using a secured and automated gateway. To use the i-SIP facility, you need to have a Netbanking-enabled account which needs to be KYC compliant as well as you need to have URN from the mutual fund that you want to invest in. The bank where you are holding a savings 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.

4. Select Click here to add a biller

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

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

7. Click on confirm to add the 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.