Home / Business and Economy / India Post Delivers Mutual Funds Nationwide
India Post Delivers Mutual Funds Nationwide
12 Dec
Summary
- BSE and India Post signed a three-year agreement.
- Postal employees will become certified mutual fund distributors.
- This aims to deepen financial inclusion in rural India.
BSE has forged a significant collaboration with India Post, integrating mutual fund distribution into the postal service's vast network. This strategic alliance, formalized through a three-year agreement, aims to extend modern financial products to underserved regions. Selected postal employees will undergo training to become certified mutual fund distributors.
The partnership is poised to enhance financial inclusion by utilizing India Post's extensive reach, estimated at over 164,000 offices. This initiative will facilitate last-mile connectivity, playing a crucial role in educating investors and improving access to contemporary financial instruments. The collaboration promises to empower a larger segment of the population.
BSE's Chief Executive Officer highlighted the synergy between the exchange's technological distribution capabilities and India Post's unparalleled presence. This union is expected to benefit millions of citizens by simplifying access to investment opportunities, thereby fostering broader participation in financial markets.
