New rules allow you to complete mutual fund KYC at post offices

The Department of Posts (DoP) and the Association of Mutual Funds in India (AMFI) have signed a new MoU to make KYC easier for mutual fund investors.

Under the agreement, you can now complete your mutual fund KYC (Know Your Customer) at any of India’s 1.64 lakh post offices. Postal employees will help you fill forms, verify self-attested documents, and send them to your fund house.

KYC is mandatory for investing in mutual funds. It involves submitting proof of identity and address, such as Aadhaar, PAN, or passport, along with a photograph and signature. Once you complete KYC, your records are updated with KYC Registration Agencies (KRAs) used by fund houses.

This move aims to cover about 24.13 crore mutual fund folios, including over 19 crore equity, hybrid, and solution-oriented schemes. It will help nearly 9.7 million new investors every year complete KYC easily.

ALSO READ | The Wealth Company gets SEBI nod to launch mutual fund business

The DoP’s wide network will help reach investors in remote areas. AMFI says the tie-up will help revive old folios that are inactive due to KYC gaps and ensure smoother investments.

The new KYC service will follow SEBI rules and protect investor data. The MoU is valid for one year from July 2025 and can be renewed.

ALSO READ | DSP Mutual Fund launches ‘Endurance SIF’ platform for specialised investing