Department of Posts and NSE Collaborate to Drive Inclusive Wealth Creation Through Mutual Funds
The MoU was formally exchanged between Ms. Manisha Bansal Badal, General Manager (Citizen Centric Services & Rural Business), Department of Posts, and Shri Sriram Krishnan, Chief Business Development Officer (CBDO), NSE, in the presence of Shri Ashishkumar Chauhan, Managing Director & CEO, NSE
In a significant step towards advancing financial inclusion and realising the vision of Antyodaya and Viksit Bharat 2047, the Department of Posts (DoP), Ministry of Communications, Government of India, and the National Stock Exchange of India Limited (NSE) have signed a Memorandum of Understanding (MoU) to collaborate on the NSE MF Invest platform. The partnership aims to transform the small savings of millions of Indians—particularly in rural and semi-urban areas—into structured wealth creation opportunities through mutual fund investments.
The MoU was signed by Ms. Manisha Bansal Badal, General Manager (Citizen Centric Services & Rural Business), Department of Posts, and Shri Sriram Krishnan, Chief Business Development Officer (CBDO), NSE, in the presence of Shri Ashishkumar Chauhan, Managing Director & CEO, NSE.
Shri Ashishkumar Chauhan, MD & CEO, NSE, said:
“We are proud to partner with the Department of Posts to democratize access to capital markets. NSE MF Invest’s robust platform, combined with India Post’s unmatched reach, will script a new chapter where every small saver becomes a wealth creator.”
The collaboration brings together India Post’s network of over 1.64 lakh post offices—more than 80% located in rural areas—and the deep trust it has built over decades, with NSE’s zero-cost, technology-driven platform. While India’s mutual fund industry has expanded significantly, with assets under management exceeding ₹81 lakh crore and strong SIP inflows, penetration remains limited to roughly 10% of households. This initiative seeks to bridge that access gap and promote a stronger savings-to-investment culture across underserved regions.
Ms. Manisha Bansal Badal, GM (Citizen Centric Services & Rural Business), DoP, stated:
“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.”
Under the agreement, NSE will provide an integrated end-to-end digital platform covering e-KYC, onboarding, transactions, and backend operations. It will also fund NISM certification and EUIN registration for 2,500 India Post personnel and deploy dedicated technical support teams across Postal Circles to ensure seamless execution.
The rollout will begin with simple, small-ticket mutual fund offerings for first-time and DIY investors, before expanding into a broader ecosystem featuring multiple AMCs, systematic investment plans, goal-based tools, analytics, vernacular support, and advisory services.
Shri Sriram Krishnan, CBDO, NSE, added:
“Our commitment to seamless integration, training, and support ensures India Post can focus on distribution while we handle the technology backbone.”
NSE began operations in 1994 and is India’s largest stock exchange by turnover and the world’s largest derivatives exchange by trading volume
(The views, opinions, and claims in this article are solely those of the author’s and do not represent the editorial stance of The Assam Tribune)