Department of Posts and AMFI sign MoU for KYC verification of mutual fund investors
On 17 July 2025 in Mumbai, the Department of Posts and the Association of Mutual Funds in India signed an MoU to streamline KYC verification of mutual fund investors.
Summary
The Department of Posts (DoP) and the Association of Mutual Funds in India (AMFI) signed a Memorandum of Understanding in Mumbai on 17 July 2025 to streamline KYC verification for about 24.13 crore mutual fund folios, as per AMFI data for 30 June 2025. Under the MoU, DoP will provide KYC verification and document collection services through its network of over 1.64 lakh post offices, helping investors reach 'KYC Validated' status in the records of KYC Registration Agencies. The MoU was signed by Manisha Bansal Badal, General Manager (Business Development), DoP, and V N Chalasani, Chief Executive, AMFI.
Key facts
- Date / place
- 17 July 2025, Mumbai
- Parties
- Department of Posts and AMFI
- Folios covered
- About 24.13 crore (AMFI data, 30 June 2025)
- Network
- Over 1.64 lakh post offices
- Goal
- 'KYC Validated' status with KYC Registration Agencies
- Signatories
- Manisha Bansal Badal (DoP); V N Chalasani (AMFI)
Practice MCQs 2 questions
The Department of Posts signed an MoU on 17 July 2025 with which body for KYC verification of mutual fund investors?
Show answer
Correct answer: C — Association of Mutual Funds in India
PIB (Ministry of Communications): the Department of Posts and the Association of Mutual Funds in India (AMFI) signed the MoU in Mumbai on July 17, 2025.
Under the DoP–AMFI MoU of 17 July 2025, KYC verification services will be provided through a network of over how many post offices?
Show answer
Correct answer: D — 1.64 lakh
PIB (Ministry of Communications): DoP will provide KYC verification and document collection services through its network of over 1.64 lakh post offices.