ELIGIBLE BANK LIST

S.No. PBANK_NAME S.No. PBANK_NAME

1 ICICI BANK LIMITED 14 INDIAN OVERSEAS BANK
2 IDBI BANK 15 INDUSIND BANK
3 HDFC BANK 16 JAMMU AND KASHMIR BANK LIMITED
4 AXIS BANK 17 KARNATAKA BANK LIMITED
5 BANDHAN BANK LIMITED 18 KARUR VYSYA BANK
6 BANK OF BARODA 19 KOTAK MAHINDRA BANK LIMITED
7 BANK OF MAHARASHTRA 20 PUNJAB NATIONAL BANK
8 CITY UNION BANK LIMITED 21 SARASWAT COOPERATIVE BANK LIMITED
9 CORPORATION BANK 22 SOUTH INDIAN BANK
10 FEDERAL BANK 23 STATE BANK OF INDIA
11 IDFC BANK LIMITED 24 UCO BANK
12 INDIAN BANK 25 UNION BANK OF INDIA
13 YES BANK 26 EQUITAS SMALL FINANCE BANK

FAQs

Q. Do I need to follow SIP necessarily or can I purchase units of a certain mutual fund as per my desire and
financial capacity. Why one should take the course of SIP and what are the benefits of following SIP?

It is not mandatory to do an SIP. You can also invest in different time periods as per your knowledge and
convenience. However, SIP provides the much needed Rupee Cost Averaging benefit which helps you make
disciplined investment instead of trying to time the market.

Q. What is URN and how to register it in bank account?

URN or Unique Registration Number is generated for every SIP. This would need to be entered during the biller
registration process in the bank account which is as follows:

- Login to your net banking account

- Click on Bills/Biller/Bills and Pay
- Register New biller
- Select business category as Mutual Funds
- Select the mutual fund AMC used for investment
- Enter the URN number received in your email and mobile number in the empty text box
- Tick "Auto Pay" option and enter an appropriate amount below which amount will be automatically debited
every month
- Enter your user id and transaction password, click on add to complete the process