India Post and UTI Asset Management Company Sign MoU for Pan-India Doorstep KYC Verification

Exam-focused facts from the 31 October 2026 current affairs briefing.

Key facts

India Post and UTI Asset Management Company Limited signed a Memorandum of Understanding on October 29, 2026, at UTI AMC's corporate office in Mumbai to expand Pan-India KYC verification services.
The MoU was signed by Adnan Ahmed, Chief General Manager, Parcel and CCS Directorate, Department of Posts, and Vetri Subramaniam, Managing Director and CEO of UTI Asset Management Company Limited.
Under the Pan-India KYC Verification Project, India Post will use its postal network and last-mile connectivity to facilitate KYC verification at investors' doorsteps, including in remote and underserved areas.
The expanded agreement builds on an earlier KYC remediation initiative between India Post and UTI Mutual Fund that helped investors complete pending KYC requirements and address documentation gaps.