**Executive Summary**
The Department of Posts (DoP) and the National Stock Exchange of India Limited (NSE) have signed a Memorandum of Understanding (MoU) on February 10, 2026, to expand access to mutual fund products through India Post's network. The MoU aims to enhance financial inclusion by leveraging India Post's outreach and NSE's platform, with a validity of three years and potential for renewal. The collaboration will be implemented in a phased manner, starting with a pilot project.
**Key Points / Main Content**
* **Partnership:**
* DoP and NSE have signed an MoU to distribute mutual fund products through India Post's network.
* The collaboration aligns with the Government of India's vision of deepening financial inclusion.
* **Implementation:**
* The DoP will utilize its 1.64 lakh post offices.
* NSE will provide its online system for handling mutual fund transactions in compliance with SEBI rules.
* The MoU is valid for three years from 10th February 2026, with possible renewal.
* Implementation will be phased, starting with a pilot in select locations.
* **Objectives:**
* Enhance last-mile access to mutual fund products, especially in rural and semi-urban areas.
* Promote investor awareness, transparency, and participation in capital market-linked products.
* Increase mutual fund penetration in Tier-2, Tier-3, and rural areas.
* Strengthen investor confidence and support financial empowerment.
* **Responsibilities:**
* Selected DoP employees will be trained and onboarded as certified mutual fund distributors.
* These officials will offer mutual fund products through NSE's platform, subject to certifications and regulatory compliance.
**Impact Analysis**
**Department of Posts Employees**
* **Impact:** Selected employees will have the opportunity to become certified mutual fund distributors and offer new services to customers.
* **Action Required:** Employees may need to undergo training and certification processes (NISM, EUIN).
**India Post Customers**
* **Impact:** Customers, especially in rural and semi-urban areas, will have increased access to mutual fund products and investment solutions.
* **Action Required:** Customers should take advantage of the increased awareness and access to make informed investment decisions.
**National Stock Exchange of India Limited (NSE)**
* **Impact:** Increased reach and distribution of mutual fund products through the extensive India Post network.
* **Action Required:** Ensure its platform is accessible and provides sufficient support to the trained postal employees, also ensures regulatory compliance.
Key Entities Referenced
Department of Posts: A department under the Ministry of Communications, playing a pivotal role in advancing financial inclusion and delivering citizen-centric services.
National Stock Exchange of India Limited (NSE): India's leading stock exchange, partnering with the Department of Posts to expand mutual fund access through the India Post network.
Memorandum of Understanding (MoU): Agreement between Department of Posts and NSE to enable the distribution of mutual fund products through India Post's network.
SEBI rules: Regulatory guidelines followed by the National Stock Exchange of India Limited.
Ministry of Communications
Department of Posts and National Stock
Exchange of India Limited (NSE) Sign MoU to
Expand Mutual Fund Access Through India Post
Network
Posted On: 10 FEB 2026 3:50PM by PIB Delhi
The Department of Posts (DoP), Ministry of Communications, Government of India, today announced the
signing of a Memorandum of Understanding (MoU) with National Stock Exchange of India Limited
(NSE), India’s leading stock exchange, to enable the distribution of mutual fund products through India
Post’s extensive postal network.
The Department of Posts, using its vast network of over 1.64 lakh post offices across the country, will
work with NSE, which has a strong online system for handling mutual fund transactions that covers
everything from placing orders to settling them, all while following SEBI rules. This collaboration aims to
significantly enhance last-mile access to mutual fund products, particularly in rural and semi-urban areas.
This strategic partnership aligns with the Government of India’s vision of deepening financial inclusion by
combining the trust, accessibility, and wide outreach of India Post with NSE’s market infrastructure and
technological expertise. The initiative is expected to promote investor awareness, transparency, and
participation in capital market-linked financial products.
The MoU was signed in New Delhi by Ms. Manisha Bansal Badal, General Manager (Citizen Centric
Services & Rural Business), Department of Posts, and Shri Sriram Krishnan, Chief Business Development
Officer, NSE, in the presence of senior officials from the Department of Posts and NSE.
Signing of MoU at New DelhiUnder the MoU, selected employees of the Department of Posts will be identified, trained, and onboarded
as certified mutual fund distributors. These officials will be enabled to offer mutual fund products and
related investor services through NSE’s mutual fund platform, subject to mandatory certifications and
regulatory compliance, including NISM certification and EUIN registration. The MoU shall remain valid
for a period of three years from the date of execution, with provisions for renewal by mutual consent.
Speaking on the occasion, Ms. Manisha Bansal Badal, General Manager (CCS & RB), Department of
Posts, said, “The Department of Posts has always played a pivotal role in advancing financial inclusion
and delivering citizen-centric services. This partnership with NSE will enable India Post to offer modern
investment solutions to its customers while maintaining the highest standards of investor protection,
transparency, and regulatory compliance.”
Shri Sriram Krishnan, Chief Business Development Officer, NSE, said, “This collaboration with the
Department of Posts marks an important milestone in NSE’s efforts to broaden access to capital market-
linked financial products. By leveraging India Post’s vast physical presence along with NSE’s digital
mutual fund platform, we aim to create a transparent, compliant, and investor-friendly distribution
ecosystem that reaches citizens across the length and breadth of the country.”
The initiative is expected to contribute significantly to increasing mutual fund penetration in Tier-2, Tier-
3, and rural areas, strengthening investor confidence, and supporting India’s journey towards a financially
empowered society.
The MoU, signed on 10th February 2026, shall be valid for a period of three years and may be renewed by
mutual consent. The collaboration will be implemented in a phased manner, beginning with a pilot
covering selected locations.
This initiative aligns with the Government of India’s ongoing efforts to promote financial literacy, investor
protection, and inclusive access to financial services across the country.
*****
MI/ARJ
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