New Delhi: The Department of Posts (DoP) on Monday signed a Memorandum of Understanding (MoU) with the National Stock Exchange of India Ltd. (NSE) to enable distribution of mutual fund products through India Post’s nationwide network of over 1.64 lakh post offices, officials said.
Under the partnership, India Post will leverage its extensive physical reach, particularly in rural and semi-urban areas, while NSE will provide its SEBI-compliant digital platform covering mutual fund order placement, processing and settlement. The initiative is aimed at improving last-mile access to capital market-linked financial products and deepening financial inclusion.
The MoU was signed in New Delhi 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 senior officials from both organisations.
As per the agreement, selected Department of Posts employees will be trained and onboarded as certified mutual fund distributors, subject to mandatory regulatory requirements, including NISM certification and EUIN registration. The arrangement will initially be rolled out as a pilot in select locations and implemented in phases.
“The Department of Posts has played a pivotal role in advancing financial inclusion. This partnership with NSE will allow us to offer modern investment solutions while ensuring investor protection and regulatory compliance,” Badal said.
Krishnan said the collaboration would help broaden access to mutual fund products by combining India Post’s trusted outreach with NSE’s market infrastructure and technology.
The MoU, valid for three years from February 10, 2026, is renewable by mutual consent and is expected to boost mutual fund penetration in Tier-2, Tier-3 and rural regions, supporting the government’s push for financial literacy and inclusive growth.
