LCP Education’s Major Step: MoU with NSDL to Expand PAN and Banking Services Nationwide

LCP Education Private Limited has taken a significant strategic step by signing a Memorandum of Understanding (MoU) with National Securities Depository Limited (NSDL), one of India’s most trusted institutions in the field of e-Governance and financial infrastructure.

This MoU was formally signed on 16 December 2025 through a virtual meeting, marking a new phase of collaboration aimed at expanding PAN services and banking-related services across India

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Signing Authorities

The MoU was signed by the authorized representatives of both organizations:

  • Mr. Amit Kumar Mishra, Managing Director & CEO, LCP Education Private Limited

  • Mr. Vijay Chandok, Managing Director & CEO, National Securities Depository Limited (NSDL)

This partnership reflects a shared vision of strengthening India’s digital ecosystem and making essential government and financial services more accessible to citizens nationwide

Objective of the MoU

Under this agreement, NSDL has authorized LCP Education as its official partner to establish and operate PAN service centers and to provide NSDL-supported banking and e-Governance services across India.

The primary objective of this collaboration is to:

  • Expand the reach of PAN application processing and issuance

  • Facilitate Tax Information Network (TIN) services

  • Deliver NSDL e-Governance services

  • Enable NSDL Payment Bank–related banking services

  • Ensure compliance-driven, secure, and technology-enabled service delivery

Nationwide Service Coverage

One of the key highlights of this MoU is its pan-India geographical scope. Through its growing network of service centers, LCP Education will provide these services in both urban and rural regions, ensuring wider inclusion and easier access to government and financial services for citizens across the country

LCP Education’s Entry into the Banking Sector

While LCP Education has already established itself as a reliable provider of e-Government services, this MoU marks its formal entry into the banking ecosystem. With NSDL’s support, LCP Education will now facilitate:

  • NSDL Payment Bank–linked services

  • Secure, regulated, and transparent banking solutions

  • Simplified access to financial services for the general public

This expansion aligns with national priorities such as Digital India and financial inclusion

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Compliance, Security, and Operational Standards

As per the MoU, LCP Education is committed to:

  • Full compliance with Income Tax Department and NSDL guidelines

  • Maintaining strict data confidentiality, security, and privacy

  • Deploying trained staff, certified systems, and approved infrastructure

  • Participating in regular audits and compliance reviews

NSDL, in turn, will provide technical support, training, system integration, and authorization to ensure seamless and compliant service delivery

Looking Ahead

This MoU represents a milestone for LCP Education and a meaningful advancement for citizens who will benefit from integrated PAN, e-Governance, and banking services under one trusted network. The collaboration is expected to generate employment opportunities, promote digital literacy, and strengthen India’s digital public infrastructure.

MoU Document Attachment

For transparency and reference, a copy of the signed MoU is attached along with this announcement, outlining the scope, responsibilities, and terms of the partnership between LCP Education and NSDL

MoU Copy

MOU BT LCP & NSDL 

https://lcpeducation.in/wp-content/uploads/2025/12/MOU-BT-LCP-NSDL.pdf