Which banks do franking

Franking is the process to stamp property documents. Using franking, authorised banks stamp your document or affix a denomination on it, which acts as a proof that the stamp duty for the transaction has been paid. There is no warranty for the accuracy of the results or the relationship to your financial situation.

I am text block. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. The cooperative sector has been playing distinct and significant role in the process of socio-economic development of the country. Therefore, cooperatives have been accepted as the best agency for agricultural credit with their organizational potential to reach millions of farmers and thereby establish the grass-root contacts.

Cooperatives are a major economic force in developed countries and a powerful business model in developing ones. View more. Fixed Deposit 5. Apply Now. Ronak Mehta Jr. Officer Mobile — Mrs. Choula Oza Clerk Mobile — vileparleeast kapolbank. Sanjay Shukla Sr. Incharge Mobile - Ms.

Sunita Shah Jr. Officer Mobile - kalbadevi kapolbank. Rajesh Gandhi Sr. Incharge Mobile - Mrs. Anagha Kulkarni Jr. Officer Mobile — fort kapolbank. Road, Ghatkopar W , Mumbai — Swati Desai Manager Mobile - Mr. Bharat Modi Clerk Mobile — ghatkoper kapolbank. There are other forms of payment, which include purchasing pre-embossed stamp papers or e-stamping. Pre-embossed stamp paper may be difficult to get for all denominations, from authorised banks and vendors.

Moreover, it is tedious for a common man to check the authenticity of the stamped paper. Therefore, e-stamping on online franking has become popular, as it is a more secure and tamper-proof method of stamp duty payment.

The transaction can easily be done online, using internet banking. Those who do not have online net banking activated, can use a bank challan for stamp duty payment. Franking is only advisable if the payment is done through cash or demand draft.

However, the franking rules are not uniform and vary across states. Moreover, quota restriction also creates issues for the buyer. While all modes of payment have their pros and cons, pre-embossed stamp paper may be difficult to find, for all denominations.

Moreover, a common man may have no means of verifying the authenticity of a vendor. Naturally, an e-stamp paper is more secure and tamper-proof. However, cancelling an e-stamp paper is difficult. Franking can be done quickly, if the payment is made in cash or through demand draft.

With that being said, the rules and charges for franking are not uniform and the limited quota may be a problem. As more and more states adopt e-stamping, because of the ease and authenticity that it offers, franking may be completely replaced by e-stamping in the coming time.

It is mandatory to pay stamp duty for a legal document and franking is one of the ways of getting the legal document stamped. Before executing the agreement signing the papers , you will have to take it to an authorised bank or franking agency.

Skip to content. Table of Contents What is franking? What is difference between franking and stamping?