You can definitely use the money that you have added to your savings account for your mutual funds investment. However, currently you can do so using one of the two payment methods available - UPI or Netbanking.
For UPI, you need to complete one-time setup of UPI ID on your NiyoX Equitas savings account using anyone of the third party UPI app(Gpay, PhonePe, etc). You can check the detailed process for same here. Once set-up, you will be required to complete payment using the UPI app on your device.
To use netbanking, you need to enable netbanking on your NiyoX Equitas savings account as a one time requirement. And for each payment you will be redirected to netbanking page of Equitas bank to complete the transaction.
We would recommend you to setup UPI ID for your account and complete the payment through UPI for a faster and more convenient experience. I hope this helps you complete your current transaction.
Further, to completely avoid the hassle of going through manual payments every time, we would suggest you to setup “Auto-Pay” for mutual funds investments. You just need a one time set-up; and once activated, your SIP payments will be automatically debited on SIP date and you can complete payments for your lumpsum investments in a single click. You can access the same using following path “Menu” > “Investment Account” > “Bank and Auto-pay” > Click on “Setup auto-pay” button on the primary bank a/c > complete one time set-up.
Additionally, we are already working on providing for you a direct mechanism to make payment for your mutual funds investments from within the NiyoX, without any need to go through any UPI app or Netbanking interface. Please bear with us for couple of weeks till we roll out this feature.