New Delhi, May 3 -- : In a landmark initiative aimed at simplifying the customer on-boarding process for mutual fund investors, the Department of Posts (DoP)has entered into a strategic partnership withSBI Funds Management Limited (SBIFM), a prominent asset management company.

The collaboration, formalized through a Memorandum of Understanding (MoU), will leverage India Post's extensive network to provide doorstep KYC verification services for investors of SBI Mutual Fund. This initiative aims to streamline the KYC process, ensuring convenience, security, and regulatory compliance for investors across India.

The MoU was officially signed between the Manisha Bansal Badal,General Manager,Business Development Directorate, Department of Pos...