Public sector lender, Central Bank of India has introduced e stamping facility in Delhi. According to Mr S. Sridhar, Chairman and Managing Director, Central Bank of India, the service would be available in 15 out of the several hundred branches of the bank in Delhi.

The new facility was inaugurated by Mr D.M. Spolia, Principal Secretary (Revenue) and Divisional Commissioner, Delhi Government.

In order to provide this facilty, the bank has tied up with the Stock Holding Corporation of India Ltd.

The service comes in the form of a computer application. It is a secured way of stamping documents without manual interference. It is mandatory for payment of stamp duty of more than Rs 500 in Delhi.

Presently, there are only five states where this facility is available, said Mr Sridhar.