REFERENCE Archive

Stamp Duty and Stamping of Documents

Stamp duty, stamping, Franking, document, Indian Stamp Act, enforceable, Adhesive, Impressed Stamp, Revenue Stamp, Embossed Stamps, E-stamping, stamping document
What is stamp duty? Stamp duty is a tax levied by governments for legal recognition of documents. Stamp duty is a source of revenue for the government. Section 3 of the Indian Stamp Act, 1899 stipulates payment
3 Jan 17 Author CategoryBanking Terms, Legal Terms and Matters No Comment Read More

National Payments Corporation of India (NPCI)

NPCI, National Payments Corporation of India, Lucky Grahak Yojana, Digi Dhan Vyapar Yojana, Digital India, digital payments, cashless, less cash, economy, India, system, UPI, IMPS, USSD, *99#, BBPS, AEPS, ATM net work, Rupay, disruptive innovation
National Payments Corporation of India (NPCI) is an organisation promoted by ten banks with the objective of stimulating and integrating digital payment system in India.  The Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) extend
1 Jan 17 Author CategoryDigital Banking Awareness, Regulators & Institutions No Comment Read More

Why banks insist for execution of documents for loans?

Documentation, documents, execution, purpose, selection, recording, loans, bank, borrower
Those who have taken loans from banks are familiar with execution of documents. Often borrowers are required to sign a set of agreements and other papers.  What is documentation? What is execution of documents?  Section 3 of
1 Jan 17 Author CategoryBanking Terms No Comment Read More

Lucky Grahak Yojana: Reward Scheme For Promotion of Digital Payments

Lucky Grahak Yojana, Digi Dhan Vyapar Yojana, Digital Payments, Promotion, consumer, bank customer , digital, mode, method, lucky draw, cash prize, digital payment, prize structure, NPCI, UPI,USSD, AEPS, prize winners, prize status, check, winner
Lucky Grahak Yojana ( for consumers) and Digi Dhan Vyapar Yojana (for merchants) are two schemes announced by Government of India. The objective of the schemes is encouraging people to migrate to cashless digital payment mode. Government
17 Dec 16 Author CategorySchemes No Comment Read More

Digi Dhan Vyapar Yojana: Promote Digital Payments, Get Rewarded

Digi Dhan Vyapar Yojana, , Lucky Grahak Yojana, Digital Payments, Promotion, consumer, bank customer , digital, mode, method, lucky draw, cash prize, digital payment, prize structure, NPCI, UPI,USSD, AEPS, prize winners, prize status, check, winner
Digi Dhan Vyapar Yojana (for merchants)  and Lucky Grahak Yojana ( for consumers) are two schemes announced by Government of India. The objective of the schemeis encouraging people to migrate to cashless digital payment mode.  Digi Dhan
17 Dec 16 Author CategorySchemes No Comment Read More