E-STAMPING : A SIMPLEX WAY TO PAY STAMP DUTY:
E-STAMPING
E-stamping is a computer based stamp duty collection application. It offers a secure electronic method to stamp documents and prevents leakage of government revenue. The e-stamping system enables the storage of information in a protected electronic form and creates a central data bank for easy verification. With the e-stamping system, the Karnataka State Government and the public can generate online Management Information System (MIS) reports.
The Karnataka State Government introduced the e-stamping system in the state in 2008. The system was launched to tackle and prevent fraudulent practices in stamp paper-based registrations and transactions. The e-stamping system was launched in association with Stock Holding Corporation of India Ltd (SHCIL).
One of the reasons of the state government for launching the e-stamping system in Karnataka was to simplify the process of payment of stamp duty and make it glitch free.
The SHCIL is the central record keeping agency for all e-stamps used in the country. The responsibilities of SHCIL include everything related to the e-stamping project, right from user registration to administration, managing e-stamping application operations and record maintenance. The agency also designates authorized collection centers or ACCs- scheduled banks that can issue certificates to users.
Uses of e-stamps
E-stamps can be used in regard to all instruments on which stamp duty is payable. Such instruments include all transfer documents such as sale agreement, mortgage deed, conveyance deed, exchange deed, gift deed, power of attorney, agreement of tenancy, deed of partition, lease deeds, leave and license agreement, etc.
MONEY TRANSFER SERVICE:
MONEY TRANSFER SERVICE
Don’t wait for Your Money: Easy and secured pay out that’s our sole motto behind this service. Money Money Transfer Service Scheme (MTSS) is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India. Only inward personal remittances into India such as remittances towards family maintenance and remittances favoring foreign tourists visiting India are permissible. No outward remittance from India is permissible under MTSS.
PAN CARD
PAN Card:
PAN card is an electronic system in which all the tax related information of a person or company is recorded against a single PAN number. For major financial transaction PAN card is mandatory like for opening a bank account, sale or purchase of assets etc. That is why the Pan Card service counter to add value to our customer at a standard relaxed price including students.
RTGS / NEFT(VIA OTHER BANK)
RTGS / NEFT:
Quick and Easy Transfer: As a financial institution, we have been offering this service to our all customers since the beginning of this institution. Even the Government explores ways to nudge people towards cashless transactions. Any Customers or Members of our Co-operative can avail this service for their Business or in any urge of ones requirement. With a lowest charge.
GOLD COIN
Round shaped customized gold coins in denomination of 1Gms, 2Gms, 3Gms , 4Gms, 5Gms The sale price depends on the market rate will be informed on day to day basis by Precious Metal Cell, ID Mumbai. Gold coin can be purchased from our designated Branches.