New Delhi, 10 February (H.S.): India’s Department of Posts has formalized a strategic mutual fund distribution agreement with the National Stock Exchange of India Limited (NSE), enabling widespread access to investment services through its extensive postal network.

The pact, signed by Manisha Bansal Badal on behalf of the Postal Department and Sriram Krishnan for NSE in the presence of senior officials from both entities, spans three years and will roll out in phases starting with a pilot project.

Through over 164,000 post offices nationwide, the department will leverage NSE’s digital platform to facilitate end-to-end mutual fund transactions—from order placement to settlement—fully compliant with SEBI regulations.

Select postal staff will undergo specialized training as mutual fund distributors, obtaining mandatory NISM certification and EUIN registration to ensure professional service delivery.

NSE emphasized that this collaboration will play a pivotal role in extending capital market products to the masses, streamlining investments via a user-friendly digital interface.

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Hindusthan Samachar / Jun Sarkar