The Department of Posts (DoP) recently signed an MoU with the Association of Mutual Funds in India (AMFI) to expand mutual fund distribution through the postal network. What is the validity period of this MoU?​

Correct option is C

The DoP–AMFI MoU has been signed with a validity of 3 years, enabling post offices to act as distribution points for mutual funds across India. This partnership aims to strengthen financial inclusion by leveraging India’s vast postal network.

Knowledge Booster:

• AMFI is the industry body of SEBI-registered mutual funds.

• The collaboration will help rural and semi-urban investors access investment opportunities more easily.

• DoP has earlier partnered in financial distribution, including postal life insurance and India Post Payments Bank (IPPB) services.