The Punjab State Cooperative Bank on Thursday commenced e-Stamp paper, e-Registration and e-Court fees services to its customers.
Under an agreement inked by the Bank with the Stock Holding Corporation of India, the services were started on Thursday with the Punjab’s Cooperation Minister Sukhjinder Singh Randhawa and the Revenue Minister Gurpreet Singh Kangar formally inaugurating the same.
Randhawa said that the novel initiative of e-Stamping has been started at 32 tehsils through the 27 branches situated in different parts of the State which would prove to be of great help for the Banks’ customers, especially the farming sector.
Describing cooperative banks as the backbone of the farming sector, the Minister said that the Department has taken a decision to upgrade the branches of the Central Cooperative Banks and make them customer friendly. Apart from this, all out efforts would also be made to improve the financial lot of Agricultural Cooperative Societies, he said.
He added that the initiative would lead to saving of precious time of the people and would save them from harassment. “The farmers would be spared the burden of cash carrying and the financial position of the banks would be strengthened because the daily sale of the e-stamps worth Rs eight-Rs 10 crores is expected. Besides, the belief of the people about getting fair deal while dealing with the cooperative banks would be cemented,” he added.