India Post And Share Market: The Department of Posts (DoP), Ministry of Communications, Government of India, on Tuesday signed an agreement with Stock Holding Services Limited (SSL) at Dak Bhawan, New Delhi to promote access to regulated capital market services for citizens across the country.
The objective of this agreement is to utilize the reach and trust of India Post to promote greater participation of citizens in organized and regulated capital markets.
Under this agreement, citizens will be facilitated to access SSL’s services through digital features like onboarding links and QR codes available on the official platform and at selected post offices. These services include opening demat and trading accounts, investing in mutual funds, participating in IPOs and other investment products.
The Ministry of Communications said that one of the main focuses of this partnership is financial awareness and investor education. SSL, in collaboration with the Department of Posts, will organize investor education and financial literacy programs to promote informed participation in the financial markets.
Vandita Kaul, Secretary, Department of Posts, said this collaboration reflects the shared commitment towards financial inclusion and is in line with the vision of Developed India 2047. He said that this initiative will utilize the large network of India Post and recent digital transformation to enable wider and secure participation of citizens in the capital markets.
Prabhat Kumar Dubey, MD & CEO, Stock Holding Services Limited, expressed happiness at associating with the Department of Posts for this initiative. He said SSL is committed to expanding access to transparent and regulated capital market services across the country and raising awareness among investors.
this partnership India Post This is another step in the ongoing transformation of the ICICI Bank into a digitally enabled, citizen-centric service delivery institution and is expected to significantly contribute to investor awareness, citizen empowerment and economic growth.
