eStamping Process
In today's digital era, the traditional method of executing and validating contracts through physical stamps and paper documents has given way to more efficient and secure electronic methods. One such advancement is the integration of e-stamping processes within Contracting Software Development Kits (SDKs)/One-Touch Sign (OTS). E-stamping provides a streamlined and automated approach to the stamping and verification of contracts, reducing manual efforts, improving accuracy, and ensuring legal compliance.
The e-Stamping process simplifies the procurement of stamps by offering an online platform for individuals and organizations to obtain the required stamps without any physical paperwork. By following a few simple steps, you can easily complete your stamp duty payment and receive the e-stamps in your virtual wallet.
To initiate the e-Stamping process, you are required to make a pre-payment for the desired number and denomination of stamps. For example, if you need ten stamps worth INR 100 each, a payment of INR 1000 would be necessary. This upfront payment ensures a smooth and efficient procurement process.
Once the pre-payment is made, you will need to provide specific information to complete the stamping process. Your assigned CSM from Signzy's team will help you. Our CSM would collect this information from you and your team. This information includes:
Parameter | Description | Mandatory/Optional |
|---|---|---|
patronId | your patronId | Mandatory |
firstParty | name of first party involved in the transaction | Mandatory |
secondParty | name of second party involved in the transaction | Optional |
stateCode | state code of the states for which you want to procure the eStamps. Please refer below for the same | Mandatory |
denomination | denomination of the estamp : Rs. 5, Rs. 10, Rs. 20, Rs. 50, Rs. 100, Rs. 500, Rs. 1000 etc depending on the applicable stamp duty for the transaction. Please refer below for the same. | Mandatory |
articleCode | e-stamping article code : It is a unique code which differs for every state based on the type of the transaction that you are involved in. Please send as per the below sheet attached. | Mandatory |
qty | Quantity of the estamps that you want to procure | Mandatory |
address | address | Mandatory |
Your patron ID for Contracting SDK and One Touch Sign (OTS) product would be different. You would have received separate credentials for each of these two products.
You can download the below csv file to check all possible article codes which varies from state to state and depend on the transaction that you are involved in
Sample CSV format
name | isActive | articleCode | stateCode |
|---|---|---|---|
Acknowledgement [1] | 0 | KA1001 | KA |
Administration Bond [2] | 0 | KA1002 | KA |
Adoption Deed [3] | 0 | KA1003 | KA |
Affidavit [4] | 1 | KA1004 | KA |
In order to find the exact article code, one needs to check the corresponding stateCode and then look into the name column to identify the type of transaction for which one needs to generate an estamp.
After receiving the required information and payment from you, we will initiate the procurement of e-stamps. We shall procure the stamps within 5 working days. Our team will ensure that the stamps are acquired accurately and efficiently, minimizing any delays or inconvenience.
Once the procurement process is complete, the e-stamps will be allocated to your virtual wallet. This virtual wallet provides a secure storage space for your e-stamps, ensuring easy accessibility and utilization. You can check the wallet balance of your virtual wallet using API.
