In a significant move to strengthen financial inclusion, the Department of Posts (DoP), Ministry of Communications, and the Bombay Stock Exchange (BSE) signed a landmark Memorandum of Understanding (MoU) on 12 December 2025 in New Delhi. The initiative aligns with the Budget 2025–26 announcement, which emphasized leveraging India Post’s extensive network to boost economic activity, particularly in rural and semi-urban regions.
Under the MoU, India Post will act as a distributor of mutual fund products through its widespread postal network, combining its last-mile reach with BSE Star MF, the country’s largest mutual fund distribution platform. The collaboration aims to democratize access to investment opportunities, enabling wider participation in financial markets across India.
The agreement was 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. Selected postal employees will be trained and certified as mutual fund distributors, allowing them to provide investor services, facilitate transactions, and offer guidance to customers using the BSE StAR MF platform. The MoU will remain effective from 12 December 2025 to 11 December 2028, with provisions for renewal.
BSE will support the initiative by generating Employee Unique Identification Numbers (EUIN) for trained postal personnel and facilitating their NISM Mutual Fund Distributor certification. These certified employees will assist customers with informed investment decisions and ensure transparent and compliant mutual fund distribution at the last mile.
This partnership strengthens the Department of Posts’ role as a key financial service provider and complements BSE’s mission to create a more efficient and investor-friendly mutual fund ecosystem. By integrating BSE’s technology platform with India Post’s network, the initiative is expected to enhance service accessibility, raise investor awareness, and encourage wider participation in formal financial markets.
The collaboration is set to significantly boost mutual fund penetration in Tier-2, Tier-3, and rural areas, promote informed investment behavior, and support India’s goal of building a financially aware and empowered population.
