India, Feb. 10 -- The Department of Posts (DoP), Ministry of Communications, Government of India, and the National Stock Exchange of India Limited (NSE) on Tuesday signed a Memorandum of Understanding (MoU) to collaborate on the NSE MF Invest platform, in a major push to deepen financial inclusion across the country.

The partnership aims to transform the modest savings of millions of rural and small-town Indians into long-term wealth by channeling "stranded savings" into productive mutual fund investments.

The MoU was signed by Manisha Bansal Badal, General Manager (Citizen Centric Services & Rural Business), Department of Posts, and Sriram Krishnan, Chief Business Development Officer (CBDO), NSE, in the presence of Ashishkumar Chauhan,...