The Department of Posts (DoP) under the Ministry of Communications and BSE have signed a Memorandum of Understanding (MoU) that corresponds to the Budget 2025-26 announcement, leveraging India Post’s vast postal network as a catalyst for economic activity in rural and semi-urban regions.
The MoU was formally signed by Manisha Bansal Badal, General Manager (CCS & RB), Department of Posts, and Sundararaman Ramamurthy, MD & CEO, BSE, in the presence of senior officials from both organisations.
The official release from the Ministry of Communications said, “With its extensive presence across the country, India Post continues to play a pivotal role in deepening financial access and enabling inclusive growth.”
“This strategic partnership enables India Post to act as a distributor of mutual fund products through its vast postal network, significantly benefiting citizens in rural, semi-urban, and underserved regions. By combining India Post’s unmatched last-mile presence with BSE Star MF, the country’s largest mutual fund distribution platform, the initiative aims to democratize access to investment opportunities and promote wider participation in financial markets,” the statement read.
Key points of the MoU
According to the agreement, the postal employees chosen will undergo training along with certification as distributors of mutual funds, which will allow them to assist investors and conduct mutual fund transactions via the BSE StAR MF platform.
The MoU will remain effective for three years, with provisions for renewal. In this collaboration, BSE will get the eligible and trained postal officials on board by issuing Employee Unique Identification Numbers (EUIN) for those who are authorised. This way, BSE will ensure transparent and compliant distribution of mutual fund products.
Furthermore, BSE will provide certification assistance by letting postal personnel and agents take the mandatory NISM (National Institute of Securities Markets) Mutual Fund Distributor certification.
“These certified officials, once trained, will assist customers with informed investment choices, execute mutual fund transactions, and offer investor support services at the last mile,” the release said.
The release further mentioned that the partnership is expected to boost mutual fund penetration in Tier-2, Tier-3, and rural areas, encourage informed investment behaviour, and contribute to India’s broader goal of building a financially aware and empowered population.