Business Economy


India Post, NSE sign MoU to boost financial inclusion

New Delhi, Feb 10 (UNI) The Department of Posts (DoP) and the National Stock Exchange of India Limited (NSE) today signed a Memorandum of Understanding (MoU) to advance financial inclusion by enabling mutual fund distribution through India Post’s extensive nationwide network, an official statement said here.
The MoU aims to channel small and idle savings of rural and small-town households into mutual fund investments, helping convert modest savings into long-term wealth. The partnership aligns with the government’s vision of Antyodaya and the goal of building a Viksit Bharat by 2047.
The agreement was signed by Manisha Bansal Badal, General Manager (Citizen Centric Services & Rural Business), Department of Posts, and Sriram Krishnan, Chief Business Development Officer, NSE, in the presence of NSE Managing Director and Chief Executive Officer Ashishkumar Chauhan.
Under the partnership, India Post will leverage its network of over 1.64 lakh post offices—more than 80 per cent of which are located in rural areas—along with its deep community trust, while NSE will provide its zero-cost NSE MF Invest platform to support end-to-end mutual fund distribution.
As part of the collaboration, NSE will offer a complete technology solution covering investor onboarding, Aadhaar- and mobile-based e-KYC, transaction processing and back-office integration through the NSE MF Invest platform. NSE has also committed to fully funding certification and registration for 2,500 India Post personnel, creating a trained pool of mutual fund distribution facilitators across the country.
Dedicated technical and operational support teams will be deployed across all 23 postal circles and at Dak Bhawan to ensure smooth implementation and continuous assistance.
The rollout will be executed in phases. Phase I will focus on simple, diversified and easy-to-understand mutual fund products with small and flexible investment amounts, primarily targeting do-it-yourself investors, while assisted services will be introduced following regulatory compliance and certification. Phase II will expand offerings to include the full mutual fund ecosystem, covering open-ended schemes from over 55 asset management companies, systematic investment and withdrawal plans, goal-based investing, portfolio analytics and vernacular support.
The initiative is expected to generate new commission-based revenue for post offices and Gramin Dak Sevaks, strengthen engagement with rural, women and young investors, and position India Post as a comprehensive provider of financial services.
NSE Managing Director and CEO Ashishkumar Chauhan said the collaboration would democratise access to capital markets by combining NSE’s technology platform with India Post’s unmatched reach.
DoP General Manager Manisha Bansal Badal said the partnership would enable India Post to offer modern investment solutions while maintaining high standards of investor protection, transparency and regulatory compliance.
UNI SAS SS
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