- India Post staff will serve as mutual fund distributors.
- Focus on smaller towns and rural areas where financial product penetration is low.
- The MoU is valid for three years (22 August 2025 – 21 August 2028) with renewal options.
- Strong safeguards included for investor data protection and service integrity.
- The collaboration supports DoP’s mission of financial inclusion and AMFI’s vision of promoting an investor-friendly ecosystem.
Source: PIB Press Release
To expand financial inclusion, the Department of Posts (DoP) under the Ministry of Communications, Government of India, and the Association of Mutual Funds in India (AMFI) signed a Memorandum of Understanding (MoU) on 22 August 2025 during AMFI’s 30th Foundation Day Celebration in Mumbai.
This agreement paves the way for India Post to act as a distributor of mutual fund investments through its vast network of post offices, with a special focus on reaching rural and semi-urban populations.
The MoU was signed by Ms. Manisha Bansal Badal, General Manager (Business Development), Department of Posts, and Shri V. N. Chalasani, Chief Executive, AMFI, in the presence of Shri Tuhin Kanta Pandey, Chairman of SEBI.
The agreement will remain in effect for three years, from 22 August 2025 to 21 August 2028, with an option to extend further. It also comes with strict safeguards to protect investor data and ensure smooth, reliable services, setting a new standard for quality in the financial sector.
Quick Reference Table
Detail | Information |
---|---|
Agreement Signed Between | Department of Posts (DoP) & Association of Mutual Funds in India (AMFI) |
Occasion | AMFI’s 30th Foundation Day Celebration in Mumbai |
Date of Signing | 22 August 2025 |
MoU Duration | 3 years (22 Aug 2025 – 21 Aug 2028), renewable |
Key Signatories | Ms. Manisha Bansal Badal (DoP) & Shri V. N. Chalasani (AMFI) |
Chief Guest | Shri Tuhin Kanta Pandey, Chairman, SEBI |
Objective | Distribute mutual funds through post offices, expand financial inclusion |
Focus Areas | Rural & semi-urban regions |
Safeguards | Investor data protection & service integrity |