Punjab Government To Start e-Stamp Instead Of Paper Stamp

The Punjab government has decided to abolish the physical stamp papers in an attempt to bring efficiency and check the pilferage of State revenue. Punjab Revenue Minister Bram Shanker Jimpa launched the ‘e-stamp facility’ here. Following this, stamp paper of any denomination can now be obtained via ‘e-stamp’, which includes computerised print-out from any stamp vendor or from banks authorised by the State government.

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Why has this step has taken?

The Punjab government will pay a commission of 2% to the stamp vendors on e-stamps ranging from Rs 1 to Rs 19,999, while the general public would get stamp paper at the actual rate. For instance, they will have to pay only Rs 100 for a stamp paper of Rs 100 and no extra commission will be levied. This step will also help in curbing the stamp paper-linked fraud.