India, Feb. 10 -- The Government of India has issued a release:
The Department of Posts (DoP), Ministry of Communications, Government of India, today announced the signing of a Memorandum of Understanding (MoU) with National Stock Exchange of India Limited (NSE), India's leading stock exchange, to enable the distribution of mutual fund products through India Post's extensive postal network.
The Department of Posts, using its vast network of over 1.64 lakh post offices across the country, will work with NSE, which has a strong online system for handling mutual fund transactions that covers everything from placing orders to settling them, all while following SEBI rules. This collaboration aims to significantly enhance last-mile access to mu...