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Central Bank of India has launched e-stamping services in Delhi. This service will initially be offered in 15 of the nearly hundred branches of the bank in the Capital, Mr S. Sridhar, Chairman and Managing Director, Central Bank of India, said here on Thursday.
The e-stamping service was launched by Mr D.M. Spolia, Principal Secretary (Revenue) and Divisional Commissioner, Delhi Government. The Central Bank of India has tied up with the Stock Holding Corporation of India Ltd to provide this service.
E-stamping is a computer-based application, and a secured electronic way of stamping documents. The prevailing system of physical stamp paper/franking is being replaced by the e-stamping system. In Delhi, e-stamping is compulsory for payment of stamp duty of more than Rs 500.
Plans are afoot to rollout e-stamping services in other States as well, Mr Sridhar said. Currently, there are only five States where e-stamping services are available.
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