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E-stamping hasn't exactly brought smiles here

Firoz Rozindar
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Facility recently introduced in a few co-op. banks in Chitradurga

WAITING THEIR TURN: People standing utside a cooperative bank to get stamp paper in Chitradurga on Wednesday.
WAITING THEIR TURN: People standing utside a cooperative bank to get stamp paper in Chitradurga on Wednesday.

The State Government's decision to start e-stamping facility in cooperative banks seems to have created problems, as the few banks that have this facility are finding it hard to handle the increasing number of customers in the district.

The decision on starting e-stamping facility in banks was recently taken by the Ministry of Cooperation.

“We welcome the Government's decision to start e-stamping in cooperative banks. However, as they have granted permission to only a few banks, people are facing difficulties,” said Konche Shivarudrappa, activist.

Only three banks had been given permission, and people are forced to stand in long queue for hours to get stamp paper.

Moreover, the banks had been given permission to sell only 150 stamp papers a day.

Mr. Shivarudrappa criticised the increase in commission after the facility was launched in the banks.

He said the Government was charging only Rs. 5 as commission on stamp papers of the value of up to Rs. 500.

“Now, the banks are charging Rs.12 for a stamp paper worth Rs. 20. The increase has particularly affected poor students and farmers. People need stamp papers for affidavits to avail themselves of facilities like old-age pension, widow pension, disability pension, and houses under the Ashraya scheme,” he said.

Speaking to The Hindu , sources in the district Registrar's office said that 900 to 1,000 stamp papers are sold every day, which brings revenue of Rs. 50,000 daily basis to the government.

Sources said that many banks were reluctant to introduce the facility as they would have to employ extra people.

However, officials said they had identified two more banks in the district where the facility would be extended. Mr. Shivarudrappa demanded that the Government not only increase the number of banks that offered the facility but also reduce the commission charged.

  • 900 to 1,000 stamp papers sold daily through cooperative banks
  • Officials say two more banks will have e-stamping facility soon




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