India Post and UTI Mutual Fund have extended their partnership to offer doorstep investor verification nationwide, targeting remote areas and reducing barriers to mutual fund access.
India Post and UTI Mutual Fund have extended their existing tie-up to widen doorstep Know Your Customer verification for mutual fund investors across India, with a particular focus on remote and underserved areas, according to a release from the Ministry of Communications. The expanded arrangement is intended to make investor verification simpler, improve access to mutual fund services and support financial inclusion.
The memorandum of understanding was signed in Mumbai on Thursday by Adnan Ahmed, chief general manager in the Parcel and CCS Directorate at the Department of Posts, and Vetri Subramaniam, managing director and chief executive of UTI Asset Management Company, the ministry said. Under the Pan-India KYC Verification Project, India Post will use its postal network and last-mile reach to carry out KYC checks at investors’ doorsteps.
The partnership builds on an earlier remediation exercise that helped investors complete pending KYC requirements and fill documentation gaps. The ministry said the broadened collaboration is expected to strengthen investor servicing, encourage wider participation in mutual funds and help ensure uninterrupted access to investments. India Post has already been carrying out such verifications, and an earlier ministry release in April 2025 said it had completed more than 5 lakh KYC checks for UTI and the Specified Undertaking of the Unit Trust of India. The Department of Posts later signed similar agreements with Nippon India Mutual Fund and SBI Mutual Fund in April 2025, and in July 2025 it entered into an agreement with the Association of Mutual Funds in India to support KYC verification through its network of more than 1.64 lakh post offices.
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