DoP Signs MoU with BSE to Expand MF Access Across India
In December 2025, Department of Posts (DoP), also known as India Post, under Ministry of Communications, signed a three-year Memorandum of Understanding (MoU) with the Bombay Stock Exchange (BSE) to enhance financial inclusion and broaden access to Mutual Fund (MF) investments.
In December 2025, Department of Posts (DoP), also known as India Post, under Ministry of Communications, signed a three-year Memorandum of Understanding (MoU) with the Bombay Stock Exchange (BSE) to enhance financial inclusion and broaden access to Mutual Fund (MF) investments.
- What? MoU signed
- Entities: DoP and BSE
- Signed by: Manisha Bansal Badal(DoP); Sundararaman Ramamurthy(BSE)
- Purpose: To expand Mutual Fund access across India
Key Details of MoU:
Signatories: The MoU was officially signed in New Delhi(Delhi) by Manisha Bansal Badal, General Manager (Customer Care Services & Retail Business, CCS & RB), Department of Posts(DoP), and Sundararaman Ramamurthy, – Managing Director(MD) and Chief Executive Officer(CEO) of BSE, in the presence of senior officials from both organisations.
Role of Entities: Under the MoU, India Post will distribute MF products through its postal network. The initiative will use BSE StAR MF, India’s largest MF distribution platform.
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- BSE will support National Institute of Securities Markets (NISM) MF Distributor certification and onboarding of trained postal staff.
Role Postal Employees: The selected postal staff will be trained and certified as MF distributors. They will help customers choose suitable MF products, execute transactions, and provide investor support services.
- The certified employees will receive Employee Unique Identification Number (EUIN), a 10‑digit alphanumeric code, for transparency.
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