In a move aimed at strengthening financial inclusion, the Department of Posts (DoP) has partnered with the Association of Mutual Funds in India (AMFI) to distribute mutual funds through the country’s vast postal network.
The two bodies signed a three-year Memorandum of Understanding (MoU) on August 22 during AMFI’s 30th Foundation Day in Mumbai. The agreement, valid till August 21, 2028, also includes provisions for renewal.
Under the arrangement, India Post will serve as a distributor of mutual funds, enabling citizens, particularly in rural and semi-urban areas, to access structured financial products that have traditionally remained out of reach. DoP staff will operate as certified distributors to drive penetration in smaller towns and underserved regions.
The MoU incorporates strict safeguards for investor data and service integrity, setting what officials described as a “new benchmark for operational excellence” in the financial services sector.
Highlighting the significance of the partnership, the Ministry of Communications said the initiative leverages the trust and extensive reach of post offices to promote greater awareness and adoption of mutual fund investments.
“This partnership is a testament to DoP’s commitment to financial inclusion and penetration in the remotest corners of the country while reinforcing AMFI’s vision of fostering a professional and investor-friendly mutual fund ecosystem in India,” an official statement noted.
The agreement was signed by Manisha Bansal Badal, General Manager (Business Development), Department of Posts, and V.N. Chalasani, Chief Executive, AMFI, in the presence of SEBI Chairman Tuhin Kanta Pandey.
