Processing .....please wait.. 
The article has been forwarded.... 
Electronic franking machines at sub-registrar offices soon
By siliconindia
|
1 Comments
Bangalore: The Revenue Department of Karnataka is set to introduce electronic franking machines in 25 sub-registrar office across the state in two days time. This move will help decrease the long queues in public sector banks to pay stamp duty.
The new facility is being introduced as the authorization given to the banks to collect stamp duty expired in September. At present, only a few banks have agreed to continue the service till the printed document sheets available with them are exhausted, reports The Hindu. This has resulted in reduction in the number of branches of authorized banks collecting stamp duty with many such branches displaying 'no stock' boards, thus causing a lot of hardship for people.
Inspector-General of Registration and Commissioner of Stamps, K.R. Niranjan said that Pitney Bowes India, a subsidiary of the U.S. based company providing document management systems, would install the franking machines. The government would not purchase the machines but would pay five rupees as service charge per transaction to the company. The process of collection of stamp duty and franking would be done by personnel at the sub-registrar's office.
The B-700 franking machines to be installed would be a sealed tamperproof unit and would have a unique non-predictable secured encryption code. It would produce thermal wax transfer indelible impression on the stamp duty certificate. The franking machine would be used for issuance of stamp duty paid certificate for the denominations of 
20 to 500. This facility would act as a replacement of document sheet being issued by the banks at present.
20 to 500. This facility would act as a replacement of document sheet being issued by the banks at present.
