35.1 C
Tuesday, April 23, 2024

Digital launch of e-stamping facility in Union Bank of India branches in 14 states


Share post:


Keeping pace with the Government of India’s Vision of ‘Digital India’, Union Bank of India, in association with the Stock Holding Corporation of India Limited (SHCIL), launched the facility of e-stamping by its Executive Director, Nidhu Saxena in a Digital Launch Ceremony at Union Bank of India, Govt Business Department premises in Delhi. Nidhu Saxena, on the occasion, said that this facility will benefit the individuals/ corporates who want to pay the stamp duty in a secured and accessible environment of the bank.

E-stamping is a computer-based application of SHCIL, and a secured way of paying non-judicial stamp duty to the government. Stamp papers of various denominations can be issued as applicable in the stamp act of the respective state. Facility of e-stamping is now available at selected Union Bank of India branches in 14 states and soon, it will be expanded to 21 states at 628 branches of Union Bank of India. Once more states opt for e-stamping, branches facility may be expanded to those states also, stated Nidhu Saxena.

Other dignitaries present at the launch event were Vivek Khurana, Head Govt Business, SHCIL and R K Jaglan, General Manager, Govt Business Department, Union Bank of India and Officials from Regional and Zonal Offices of Union Bank of India through VC.

Sonakshi Datta
Sonakshi Datta
Journalist who wants to cover the truth which others look the other way from.

Related articles

J&K: Police booked 2 anti-national activists under PSA in Bandipora

Srinagar: Police have booked two alleged anti-national activists under the Public Safety Act (PSA) in Jammu and Kashmir’s...

Air India and All Nippon Airways to begin codeshare partnership for travel between India and Japan

GURUGRAM: Air India, India’s leading global airline, and All Nippon Airways, the largest Japanese carrier, have signed a...

US to impose Visa restrictions on 13 people benefiting from commercial spyware misuse

Washington: The US is taking steps to impose restrictions on 13 individuals connected to the development or sale...

J&K: 8 drug smugglers booked under PIT NDPS Act in Baramulla

Srinagar: Police have booked eight notorious drug smugglers under the Prevention of Illicit Traffic in Narcotic Drugs and...