How to add i-SIP URN number in Kotak Netbanking

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.

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.

Frequently Asked Questions

Does this auto pay option have any fee ?

No, these are free of charges.

Do I have to sign cheque or courier any documents for the auto pay option ?

No its paperless no need to sign a cheque or courier any documents.

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