How to Add Biller for SIP Transactions in Axis Bank?

In case of SIP or Systematic Investment plan, small amounts are deducted at regular intervals and being deposited in Mutual Fund schemes. Since in SIP the transaction takes investment is done at regular intervals, individuals can add billers for SIP payments after their first transaction so that the money gets deducted automatically afterwards.

Once the initial payment is done, people get a Unique Registration Number (URN) which they need to add it to their respective billers so that their SIP installment is done by itself. Only ensure that you have sufficient funds in your account.

So, let us see how to add Biller for SIP transaction in Axis Bank. There are four steps in the process of adding a biller in case of Axis Bank. These steps along with images are explained as follows.

Log into Axis Bank Account and Go to Pay Bills

This is the first step while adding billers. Individuals first need to log in to their Axis Bank accounts. Once they log in, they need to click on Payments tab which is on the top of the screen. On Payments tab, you need to select Pay Bills option.

The image for this step is given below as follows where Pay Bills option is highlighted in Green.

Select Add New Biller Option

Once you click on the Pay Bills option; a new screen pops out. Here, you need to select the Add Biller Option. The image for this step is given below as follows where the Add Biller button is highlighted in Green.

Add Biller

Once you click on the Add Biller Section, a new window opens up wherein; you get can see various options on the left side. Here, you need to select the Mutual Funds icon. After selecting the Mutual Funds option, a drop-down stating Select Company gets enabled wherein you need to select BSE Limited. The image for this step is given below as follows where; Mutual Funds and BSE Limited are highlighted in Green.

Add the URN & Fill Other Details

It is an important step in the process of adding biller for SIP payments in Axis Bank. Once you select BSE Limited and enter, a new screen opens where you need to enter your URN number for SIP. As mentioned earlier, customers receive their URN once they make the initial SIP payment through email from fincash.com. In case, if you do not receive the email, you can get URN by visiting the My SIPs Section on the website of Fincash.com. Along, with URN number they need to add other options such as Payment Type, Bank Account Number, Whether Pay Entire Bill Amount, and other options. After filling all the required columns and submitting the form, you will receive your biller confirmation. These image for this step is given below where the URN box is highlighted in Green.

Verify Details Entered

Once you click on next in the previous step, a new screen opens up in which you can verify the details entered. Once you check and verify all the details, then you need to click on Next button at the bottom of the screen. The image for this step is given below where Next button is highlighted in Green.

Enter OTP

Once you click on Next button in the previous step, you are redirected to a new page in which you need to enter your OTP or NETSECURE Code. you will receive this code on your registerted mobile number or your registered email address. Once you enter this code, you need to click on Confirm button at the bottom of the screen. The image for this screen is given below where the NETSECURE Code box is and Confirm button both are highlighted in Green.

Final Confirmation

In this step you get the final confirmation stating that the biller has been added successfully. It is the final step in the biller addition process of Axis Bank. Individuals, if required, can take a print of this step and keep for their confirmation. The image for this step is given below.

Thus, from the above-mentioned steps, we can say that to add a biller in Axis Bank for SIP payments is simple.

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In case of any further queries, you can contact us on 8451864111 on any working day between 9.30am to 6.30 pm or write a mail to us anytime at support@fincash.com or chat with us by logging onto our website www.fincash.com.