India Post will verify Know Your Customer (KYC) details for UTI Mutual Fund investors at their doorsteps across the country, including in remote areas, under a renewed agreement signed in Mumbai on 29 October.
The memorandum of understanding was signed by Adnan Ahmed, Chief General Manager at the Department of Posts, and Vetri Subramaniam, Managing Director and CEO of UTI Asset Management Company.
Under the Pan-India KYC Verification Project, India Post will use its postal network to complete KYC checks where investors live. An earlier joint initiative helped investors complete pending KYC requirements.
The two say the arrangement should make compliance easier and keep investors' mutual fund accounts running without interruption. The release does not mention any fee for the service.
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Source: official release by the Ministry of Communications, issued through the Press Information Bureau, Government of India (29 OCT 2026 7:16PM by PIB Delhi). Read the full official text: India Post and UTI Mutual Fund Strengthen Partnership to Expand Pan-India KYC Verification Services.
How we verified this
VerifiedEvery fact, figure and quotation is taken from the official PIB release (Release ID 2330193) issued by the Ministry of Communications on 29 OCT 2026 7:16PM by PIB Delhi; checked against the source on publication. Story written by BDT from that release; no outside facts added.
Sources
- 1.India Post and UTI Mutual Fund Strengthen Partnership to Expand Pan-India KYC Verification Services — Press Information Bureau, Government of India
