How to Open SIP in SBI, HDFC, ICICI & Other Banks (2026 Guide)

Starting a Systematic Investment Plan (SIP) is one of the smartest financial decisions a beginner can make in India. While there are dozens of apps available today, many investors still prefer the trust, reliability, and integrated experience of opening SIPs directly through their banks. Whether you bank with SBI, HDFC, or ICICI, the process has become incredibly streamlined in 2026.

Opening a SIP through your bank offers unmatched convenience. You do not need to juggle multiple apps or remember transfer dates; the money is automatically deducted from your account, and you can view your entire financial portfolio in one place. By automating your savings, you remove the stress of "timing the market" and let the power of compounding build your wealth over the long term.

In this guide, we will walk you through exactly how to open a SIP account in SBI, HDFC, and ICICI, comparing their features so you can choose the best path for your financial journey.

What You Need Before Opening a SIP

Before you dive into the steps, ensure you have these essentials ready. Having your documents in order will make the online process instant and paperless.

• PAN Card: Mandatory for all financial investments in India.
• Aadhaar Card: Required for e-KYC (Know Your Customer) verification.
• CKYC Status: If you have invested in stocks or mutual funds before, your Central KYC (CKYC) is likely done. If not, you can complete it online via video KYC.
• Bank Account + Net Banking: You will need active internet banking credentials to approve the auto-debit mandate.
• Mobile Number & Email: Ensure your mobile number is linked to your Aadhaar for OTP verification.

How to Open SIP Account in SBI

State Bank of India (SBI) is the preferred choice for millions due to its widespread trust. If you are wondering how to open SIP account in SBI, you can do it directly via the SBI Mutual Fund website or their mobile app (InvesTap).

Step 1: Visit the Portal

Go to the official SBI Mutual Fund website or download the SBI MF InvesTap app. Click on the “Invest Now” button.

If you are an existing investor, log in using your PAN. If you are new, click on “New Investor” to start the registration. This is the first step in learning how to open SIP account online in SBI.

Step 2: Login or Register

If you are an existing investor, log in using your PAN. If you are new, click on “New Investor” to start the registration. This is the first step in learning how to open SIP account online in SBI.

Step 3: Complete e-KYC

Enter your PAN and Aadhaar details. The system will check your KYC status. If not compliant, you will be guided through a simple Video KYC process where you upload your documents and record a short video.

Step 4: Select Your Scheme

Browse through the available funds. Once you choose a scheme (e.g., an index fund or equity fund), select the "SIP" option instead of "Lump Sum."

Step 5: Set Amount and Date

Enter your monthly investment amount (e.g., ₹500) and choose your preferred SIP date (e.g., 5th of every month).

Step 6: Approve Mandate

You will be redirected to your SBI Net Banking page. Log in and approve the "One Time Mandate" (OTM). This authorises the bank to deduct the SIP amount automatically.

Step 7: Confirmation

Once approved, you will receive a confirmation message. Your first SIP will be deducted on the selected date.

Example Scenario: Rohan wants to start investing ₹1,000 monthly. He logs into the SBI MF app, selects a "Bluechip Fund," completes his OTP verification, and approves the mandate via Net Banking. In less than 10 minutes, he has successfully learned how to invest in SBI mutual fund online.

How to Open SIP in HDFC

HDFC Bank offers a seamless digital experience for investors. If you want to know how to open SIP in HDFC, you can use their dedicated platforms like HDFC Sky or the HDFC Mutual Fund portal.

Step 1: Access the Platform

Visit the HDFC Mutual Fund website or log in to the HDFC Net Banking portal under the "Mutual Fund" tab.

Step 2: Start SIP

Click on “Transact” and select “Start SIP.” If you are a first-time user, you will need to create a folio by entering your PAN.

Step 3: KYC Verification

The system will validate your KYC. If pending, complete the Aadhaar-based e-KYC instantly.

Step 4: Choose Scheme & Payment

 Select the fund you wish to invest in. Enter the SIP amount, frequency (monthly), and the start date. This is the core step of how to open SIP in HDFC.

Step 5: Bank Mandate

Choose your payment mode. For recurring payments, registering a mandate (OTM) via Net Banking is the best option. This ensures you don't miss instalments.

Step 6: Success

Once the mandate is approved, your SIP is live. You can track your portfolio directly through your HDFC banking app.

For users specifically looking for how to open SIP in HDFC Bank online via NetBanking:

1. Log in to NetBanking.
2. Go to the "Mutual Fund" tab.
3. Select "Purchase/SIP" and follow the prompts.

How to Open SIP in ICICI

ICICI Prudential Mutual Fund is known for its user-friendly interface. Here is how to get started:

Step 1: Go to the Website

Visit the ICICI Prudential Mutual Fund website or download the IPru Touch app.

Step 2: Register

Sign up using your PAN and mobile number. The platform will fetch your details automatically if you are KYC compliant.

Step 3: Select Fund

 Navigate to "Browse Schemes." Filter by category (Equity, Debt, Hybrid) and select the fund that matches your risk profile.

Step 4: Enter SIP Details

Click "Invest Now" and choose "SIP." Input your monthly amount (minimums can be as low as ₹100) and select the SIP date.

Step 5: Payment & Mandate

Select "Internet Banking" to register your auto-debit mandate. You will be redirected to your ICICI Bank login to authorise the recurring transaction.

Step 6: Confirmation 

You will see a "Transaction Successful" message. You will also receive an email with your folio number and SIP details.

Comparison of SIP with Bank vs AMCs vs Online Investment Apps

Bank SIP: Ideal for those who want their investments and savings visible in one app

Important Tips for Choosing SIP Through Banks

• Check for "Direct" Plans: Banks often sell "Regular" plans which include a distributor commission. If possible, look for "Direct" options to save on these costs and earn higher returns over time.
• Compare Expense Ratios: This is the annual fee charged by the fund. A lower expense ratio means more money in your pocket.
• Understand Risk: Don't just look at returns. Equity funds are high-risk/high-reward, while debt funds are safer but offer lower returns. Choose based on your goal duration.
• Start Simple: You don't need 10 different SIPs. One or two diversified funds are enough to start.
• Speed: Sometimes, AMC websites are faster for KYC processing than bank portals.

Conclusion

A Systematic Investment Plan (SIP) via a reliable bank like SBI, HDFC, or ICICI is a great way to start your investment journey in 2026. The whole process is digital, clear-cut, and user-friendly. Knowing how to open  SIP account in SBI or how to open SIP in HDFC makes it easier for you to enter the market and achieve your financial goals.

To start with, you don't have to invest a huge amount; it can simply be a monthly investment of ₹500 or ₹1000. Just be consistent. So, log in to your bank's portal today to follow these steps and to embark on the journey towards a wealthier future.

At My Mudra, giving you the right financial knowledge is our major goal. Our SIP calculator will help you shortlist the best option. Further, in case you need a personal loan to fill the gap or money management guidance, we are always there for you with transparent, hassle-free services that will support your journey.

Also Read:
- How to Start SIP Investment Online in India (Beginner’s Guide 2026)
- Power of Compounding in Mutual Funds & SIP (Explained with Examples)