New Delhi, 27 January (H.S.): The Department of Posts has forged a strategic agreement with Stock Holding Services Limited (SSL) to democratize access to capital market services. This pact empowers ordinary citizens to open Demat and trading accounts, invest in mutual funds, participate in IPOs, and leverage diverse investment options through post offices and digital platforms.

According to the Ministry of Communications, this MoU was executed on Tuesday , at Dak Bhawan in New Delhi. A cornerstone of this collaboration emphasizes financial literacy and investor education, with SSL spearheading programs bolstered by the postal department—prioritizing novice investors in rural areas and tier-2/3 cities.

Postal Secretary Vandita Kaul described the partnership as a pivotal stride toward financial inclusion, seamlessly aligning with Vision Viksit Bharat 2047. The department's digital infrastructure will now facilitate secure capital market participation for the masses.

SSL Managing Director and CEO Prabhat Kumar Dubey expressed delight at joining forces with India Post. SSL remains committed to extending transparent, SEBI-regulated capital market services to the widest possible audience while fostering investor awareness.

Notably, India Post commands over 1.65 lakh post offices nationwide, including robust rural and remote networks. This alliance aims to integrate citizens safely into regulated capital markets. Residents can now harness SSL services via post offices and digital channels—including Demat/trading account openings, mutual fund investments, IPO applications, and additional investment avenues.

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Hindusthan Samachar / Jun Sarkar