Can I invest through Nivesh Mitr if I don't have Internet Banking?
Yes, you can easily invest without Internet banking too - through NEFT/ RTGS. Visit the branch of your bank and transfer the amount you want to invest to the account of ICCL (Indian Clearing Corporation Ltd), a subsidiary of BSE (Bombay Stock Exchange) (Nivesh Mitr uses BSE as payment gateway to execute all your mutual fund transactions). Follow the below steps to invest in mutual funds online without using internet banking.
Step 1 -
NEFT/ RTGS the amount of investment to the any of the below
Account Name: ICCL
Account Number: 3922
IFSC Code ICIC0000104
Account Type: Current
Step 2 -
Execute the investment by logging on Nivesh Mitr and choose the payment mode as "By NEFT/ RTGS"
Step 3 -
After executing the investment,
You will receive an email from BSE Star MF (on your registered email ID). Click on the link of “Check orders and make payment”
Select the investments you want to make the payment for.
Under Bank details, instead of Nodal account, select NEFT/ RTGS
In the next field, input UTR number (NEFT/ RTGS confirmation number received from your bank).
Check the “Total amount to be paid” – should match the amount transferred through NEFT/ RTGS
Click on “Initiate payment”
Done. Sit back and relax, your amount has been invested.
How to add biller for Starting ISIP (Internet Banking based mandate)
To activate ISIP (Internet banking based mandate) you need to add BSE as biller in your internet banking. Once done, the mandate will be activated within 3-4 working days and you can set up SIPs successfully then.
Here are the steps to add biller in some of the popular banks -
Step 1: Click on Pay Bills
Step 2: Click Add New Biller
Step 3: Select Mutual Funds & BSE Limited
Step 4: Add the URN (generated while creating mandate on NiveshMitr.com) and select the options as show below -
Step 1: Click Bill Pay & Recharge
Step 2: Click on Mutual Funds
Step 3: Click on BSE Limited
Step 4: Add the URN (as generated on NiveshMitr.com) and other essentials (Nickname can be anything of your choice)
Step 1: Select PAYMENT & TRANSFER and select BILL PAYMENTS
Step 2: Click REGISTER under PAY NEW BILLS section
Step 3: Select Mutual Funds
Step 4: Select BSE ISIP# and click REGISTER
Step 5: Add the URN and select the options as shown below
Step 1: Click Bill Payments
Step 2: Click Manage Biller
Step 3: Click Add
Step 4: Select Biller as BSE Limited
Step 5: Add the URN (Mandate ID generated on NiveshMitr.com) and select the options as shown below
Step 1: Click Bill Pay. Click on Add Biller
Step 2: Choose National and select BSE Limited
Step 3: Add the URN and select the options as below
Step 4: Click on Confirm.
Step 5: Success. You're done.