KYC Verification

Department of Posts and AMFI Sign MoU for KYC Verification

Official Press

17 Jul 2025

The Department of Posts (DoP) and the Association of Mutual Funds in India (AMFI) signed a historic MoU on July 17, 2025, to streamline KYC verification for 24.13 crore mutual fund folios. This partnership aims to enhance operational efficiency and financial inclusion by utilizing DoP's extensive network of over 1.64 lakh post offices to assist investors in completing KYC processes. The initiative is expected to onboard approximately 9.7 million new investors annually, ensuring compliance and accessibility, especially in remote areas.

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Recent Diplomatic Updates from India's Ministry of External Affairs

Key Diplomatic Updates from the Ministry of External Affairs

India-Sri Lanka HTA Workshop Commences for Health Technology Assessment

VOC Port Hosts Key Event on AI Advances in Maritime Operations