India Post, BSE Ink MoU to Take Mutual Funds to Every Corner of India
Landmark partnership to train postal staff as certified MF distributors and boost rural financial inclusion
- Department of Posts and BSE sign MoU to distribute mutual funds through India Post’s vast network.
- Postal employees to be trained and certified as mutual fund distributors.
- BSE StAR MF platform to enable transparent, last-mile investor services.
- Initiative aims to expand financial access in rural and semi-urban India.
GG News Bureau
New Delhi, 13th Dec: In a landmark move aimed at deepening financial inclusion, the Department of Posts (DoP) and BSE, Asia’s oldest stock exchange, on Friday signed a Memorandum of Understanding (MoU) to distribute mutual fund products through India Post’s nationwide network. The agreement aligns with the Budget 2025–26 emphasis on leveraging the postal system to spur economic activity in rural and semi-urban regions.
Signed in New Delhi on December 12, the MoU integrates India Post’s unparalleled last-mile reach with BSE StAR MF, the country’s largest mutual fund distribution platform, enabling citizens across remote and underserved areas to access formal investment avenues.
The MoU was formalised by Manisha Bansal Badal, General Manager (CCS & RB), Department of Posts, and Sundararaman Ramamurthy, MD & CEO of BSE, in the presence of senior officials from both organisations.
Under the agreement, selected postal employees will undergo training and secure mandatory NISM certification to function as authorised mutual fund distributors. They will assist investors, facilitate transactions, and offer support services using the BSE StAR MF digital platform. The MoU will remain valid for three years, up to December 11, 2028, with an option for renewal.
BSE will generate Employee Unique Identification Numbers (EUINs) for eligible personnel to ensure transparent and compliant operations. The collaboration is expected to significantly improve financial access, expand investment penetration in Tier-2, Tier-3 and rural areas, and strengthen India Post’s evolving role as a key financial service provider.
The initiative is projected to boost investor awareness, enable informed financial decisions, and accelerate the participation of rural citizens in formal financial markets—serving India’s broader goal of creating a financially empowered population.
