For more than 16 years, Stock Holding Corporation of India Ltd. (SHCIL) has offered e-Stamping services in a number of Indian states and union territories. It serves as the Stamp duty collection’s central record keeping agency (CRA), facilitating the safe, efficient, and hassle-free payment of government obligations. Continue reading to find out how to use SHCIL’s online e-Stamping services.
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Citizens of India are required to pay stamp duty on properties to the government when they buy or sell a property. Stock Holding Corporation of India Ltd (SHCIL) invented e-Stamping to guarantee precise Stamp duty payment and a secure document authentication process. Remarkably, over 20 state and union territory administrations in India have embraced the service. Prominent financial organisations, including Life Insurance Corporation of India (LIC), Industrial Finance Corporation of India (IFCI), & General Insurance Corporation of India (GIC), among others, collaborated to jointly market SHCIL, a subsidiary of IFCI.
What does SHCIL do and what function does it serve?
Personal investment, corporate services, & custodial services are the three primary verticals along which SHCIL provides a range of goods and services. Additionally, it was the first to offer e-Stamping services, which let people and companies all throughout the nation pay their stamp duty online on a variety of papers.
Services provided by SHCIL
The following are a few typical services offered by SHCIL:
e-stamping
corporate services
personal investment
custodian services
Personal investment
Insurance solutions
FD & capital gain bonds
Loan against securities
Sovereign gold bonds
Gold Rush
AIF and PMS
Demat & trading
Mutual funds
National pension system
Floating rate savings bonds, 2020 (Taxable)
IPO
Corporate services
CSGL services
Demat services
Insurance solutions
NPS services
Document management
e-Stamp services
Clearing member services
Trading account
E-Stamp services
e-Stamping
e-Registration
e-Court Fees
Custodial services
SHCIL provides custodian services for businesses that include asset maintenance, clearing, settlement, safeguarding, and other tasks. SHCIL provides custodial services, some of which are as follows:
Valuation
Customized reporting
Fund accounting
Professional clearing member (PCM) services for derivative trades
SHCIL e-stamping: A Step-by-Step Guide
Thanks to digitization, obtaining the certificate and paying the stamp duty are now quite simple processes. The process is now quick and easy thanks to the advent of e-Stamping. You can obtain an electronic stamp on your property documents by following this simple guide:
Step 1: Go to the official SHCIL website.
2nd Step: Visit the e-Stamp website.
3rd Step: Choose the state where the stamp duty will be paid. Keep in mind that stamp duty prices differ between cities.
4th Step: Select the “Download” tab to locate the needed application. For stamp duty charges under 501, you can download the form without having to pay anything.
5th Step: Enter the necessary information into the form. To obtain the Stamp certificate, you must send in the properly completed form along with the required payment.
You can use SHCIL to pay for stamp duty using debit cards, net banking, RTGS, NEFT, or FT. You can make the same payment at approved collection centres (ACCs) using cash, cheque or DD.
Union territories and states that provide SHCIL e-Stamping
Presently, over 20 states & union territories provide e-Stamping services provided by SHCIL. It is the only central record keeping agency (CRA) that the Indian government has designated and authorised. In order to issue e-Stamp papers, SHCIL authorizes authorised collection centres (ACC) to act as a middleman between the Stamp duty payer and the CRA. Post offices and scheduled banks in India are eligible to become ACCs. Several ACCs have been approved by the corresponding state governments. The states that provide SHCIL e-Stamping online are listed below:
Andman and Nicobar Island
Bihar
Union Territory of Chandigarh
Andhra Pradesh
Chhattisgarh
National Capital Territory of Delhi
Gujarat
Karnataka
Odisha
Punjab
Tripura
Uttarakhand
Puducherry
Union Territory of Jammu & Kashmir
Tamil Nadu
Meghalaya
Union Territory of Dadra & Nagar Haveli and Daman and Diu
Rajasthan
Himachal Pradesh
Uttar Pradesh
Union Territory of Ladakh
Access to SHCIL e-Stamping is possible from any location with an Internet connection. Furthermore, you have the option to pay the e-Stamping charge online in order to get your property documents stamped.
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