Mumbai, August 22, 2025|SKY LINK TIMES
In a major step towards financial inclusion, the Department of Posts (DoP) under the Ministry of Communications and the Association of Mutual Funds in India (AMFI) signed a landmark Memorandum of Understanding (MoU) on Friday to distribute mutual funds through India Post’s extensive postal network.
The MoU was inked during the 30th Foundation Day celebration of AMFI in Mumbai and marks a new era of collaboration between India’s postal system and the financial services sector.
🔹 Key Highlights of the MoU
- Scope: India Post will act as a mutual fund distributor.
- Reach: The initiative will particularly benefit rural and semi-urban citizens, where financial product penetration is traditionally low.
- Signing: The MoU was signed by Ms. Manisha Bansal Badal, GM (Business Development), DoP, and Shri V. N. Chalasani, CEO, AMFI, in the presence of Shri Tuhin Kanta Pandey, Chairman, SEBI.
- Duration: Valid for three years (Aug 22, 2025 – Aug 21, 2028), with provisions for renewal.
- Safeguards: Includes measures to protect investor data and maintain service integrity.
🔹 Financial Inclusion at the Grassroots
Under this model, DoP staff will function as mutual fund distributors, expanding access to structured investment opportunities across India’s 1.5 lakh+ post offices, many located in rural and semi-urban regions.
The collaboration is expected to deepen financial literacy and participation in mutual funds, ensuring that small-town and rural investors can diversify their savings beyond traditional instruments.
🔹 Vision for the Future
The MoU reflects DoP’s commitment to financial empowerment in remote corners of India, while reinforcing AMFI’s vision of building a professional, investor-friendly mutual fund ecosystem.
Experts say this initiative could be a game-changer in bridging the investment awareness gap and democratizing access to wealth creation tools.
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