India Post (postal department) and UTI Mutual Fund have further strengthened their long‑term partnership to increase investor reach across the country and facilitate easy access to mutual fund services. The memorandum of understanding, which advances the existing agreement, was signed today at UTI AMC’s corporate office in Mumbai by Mr Adnan Ahmad, Chief General Manager of the Postal Department’s Parcel and CCA Directorate, and Mr Vetrivel Subramanyam, Managing Director and CEO of UTI Asset Management Company Limited.
During the MOU exchange to expand KYC verification services nationwide, with the Department of Posts’ Chief General Manager Mr Adnan Ahmad and UTI AMC’s Managing Director and CEO Mr Vetrivel Subramanyam
This partnership demonstrates India Post and UTI Mutual Fund’s joint commitment to broaden access to financial services across the country. Under the ‘Know Your Customer’ pan‑India KYC verification project, India Post will use its vast postal network and last‑mile connectivity to provide verification at investors’ doorsteps, including remote and underserved areas. The initiative aims to make the verification process more convenient while complying with regulatory requirements.
Senior officials of the Postal Department and UTI AMC present at the meeting held on 29 October 2026 at UTI AMC’s corporate office in Mumbai
Building on the earlier KYC improvement initiative (which helped investors complete pending KYC, improve compliance and bridge document gaps), this expanded collaboration is expected to provide better service to investors, increase participation in mutual funds and facilitate seamless access to mutual fund investments. The initiative further strengthens India Post’s role in delivering accessible, customer‑centric financial services through its extensive nationwide network.