How To Register Mutual Funds SIP Auto-Payment In Axis Bank?



Finance Guru Speaks:  This article will help to register for Mutual Fund SIP payments to be deducted directly through your Axis Bank account. Once you place the online request for SIP investment, Mutual fund houses share details like URN (Unique Registration No.), Transaction ID, etc. with you which needs to be added to your registered Bank website so that the SIP amount gets auto-deducted from the Bank account.

We will be using Pay Bills facility present in the Axis Bank Internet banking for our SIP deductions.


Steps to follow to start Mutual Fund SIP Payments through Axis Bank Internet Banking:-


1. Open Axis Bank Internet Banking Website. Provide details like Login ID and Password to login to your Internet Banking account.
Axis Bank Internet Banking Login Page
Axis Bank Internet Banking Login Page
2. Once the Home Page gets opened, go to PAYMENTS -> Pay Bills link as shown below:-
Axis Bank - Add Biller for Mutual Fund SIP
Axis Bank - Add Biller for Mutual Fund SIP
3. On the Next Page, click on Add New Biller button:-
Axis Bank - Add Biller for Mutual Fund SIP
Axis Bank - Add Biller for Mutual Fund SIP
4. Select your Mutual Fund from the list in which you want the SIP deductions to be initiated and click on Next button, as shown below:-

Axis Bank - Add Biller for Mutual Fund SIP
Axis Bank - Add Biller for Mutual Fund SIP
5. Provide details like SIP Amount, Biller Name, URN No., Transaction ID (if applicable), etc. and click on Next button:-

Axis Bank - Add Biller for Mutual Fund SIP
Click to enlarge - Axis Bank - Add Biller for Mutual Fund SIP
6. Check all the details carefully and click on Next button:-
Axis Bank - Add Biller for Mutual Fund SIP
Axis Bank - Add Biller for Mutual Fund SIP
7. You will receive NETSECURE Code on your registered Mobile No. Enter this received Code and click on Confirm button:-
Axis Bank - Add Biller for Mutual Fund SIP
Axis Bank - Add Biller for Mutual Fund SIP
Congratulations! You have successfully registered your Mutual Fund SIP payment to get auto-deducted from Axis Bank account.
Axis Bank - Add Biller for Mutual Fund SIP
Axis Bank - Add Biller for Mutual Fund SIP
Images Courtesy: Axis Bank Website  

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