DoP-AMFI MoU Boosts Financial Inclusion in India
New Delhi: In a groundbreaking move to boost financial inclusion, the Department of Posts (DoP) and the Association of Mutual Funds in India (AMFI) signed a Memorandum of Understanding (MoU) today, during the Association of Mutual Funds in India’s 30th Foundation Day Celebration in Mumbai. This partnership will transform post offices across India into hubs for mutual fund investments, making financial products more accessible to millions, especially in rural and semi-urban areas.
The Memorandum of Understanding, signed by Manisha Bansal Badal, General Manager (Business Development) at the Department of Posts, and V N Chalasani, Chief Executive of the Association of Mutual Funds in India, in the presence of Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey, paves the way for India Post to act as a mutual fund distributor. With its vast network of post offices, India Post is uniquely positioned to bridge the gap between financial services and underserved communities, where awareness of mutual funds has been limited.
This initiative empowers Department of Posts staff to serve as mutual fund distributors, bringing structured investment opportunities to smaller towns and rural regions. By leveraging the trust and reach of India Post, the partnership aims to democratize wealth creation and foster financial literacy across the country. The agreement, effective from August 22, 2025, to August 21, 2028, includes provisions for renewal and prioritises investor data security and service integrity.
“This collaboration is a game-changer for financial inclusion,” Badal said. “India Post’s extensive network will now deliver not just letters but also opportunities for financial growth to every corner of the nation.” Chalasani echoed this sentiment, adding, “The Association of Mutual Funds in India is committed to building an investor-friendly ecosystem, and this partnership with the Department of Posts is a significant step toward that vision.”
The initiative is expected to empower millions of Indians to participate in the country’s growing mutual fund market, reinforcing India Post’s role as a trusted partner in nation-building and the Association of Mutual Funds in India’s mission to create a robust financial services landscape.
– global bihari bureau
