India Post signs MoU with SBI Funds Management for doorstep KYC of mutual fund investors
The Department of Posts signed an MoU with SBI Funds Management Limited at Dak Bhawan, New Delhi, on 29 April 2025 to provide doorstep KYC verification for SBI Mutual Fund investors.
Summary
The Department of Posts (India Post) signed a Memorandum of Understanding with SBI Funds Management Limited (SBIFM) at Dak Bhawan, New Delhi, on 29 April 2025 to provide doorstep KYC verification for SBI Mutual Fund investors. India Post's trained personnel will collect KYC forms and documents from investors, using its network of over 1.64 lakh post offices.
Key facts
- Parties
- Department of Posts and SBI Funds Management Limited
- Signed at
- Dak Bhawan, New Delhi, 29 April 2025
- Service
- Doorstep KYC verification for SBI Mutual Fund investors
- Network
- Over 1.64 lakh post offices
Practice MCQs 2 questions
India Post's network, cited in its 29 April 2025 MoU with SBI Funds Management, has over how many post offices?
Show answer
Correct answer: B — 1.64 lakh
India Post has a network of over 1.64 lakh post offices.
What service will India Post provide under its MoU with SBI Funds Management Limited signed on 29 April 2025?
Show answer
Correct answer: D — Doorstep KYC verification for SBI Mutual Fund investors
India Post will provide doorstep KYC verification by collecting KYC forms and documents from SBI Mutual Fund investors.