CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following bank has launched e-SBTR ( Electronic Secured Bank Treasury Receipt) for facilitate stamp duty and registration on property purchases
A
Union Bank of India
B
State Bank of India
C
Indian Overseas Bank
D
United Bank of India
Explanation: 

Detailed explanation-1: -e-SBTR is compulsory for Optionally-Registrable documents and optional for Compulsorily Registrable documents. After payment, ‘Receipt of online payment to get e-SBTR’ to be presented at the selected branch for obtaining e-SBTR. For Online payment, your Net banking transaction amount limit will be effective.

Detailed explanation-2: -The eSBTR full form is electronic Secure Bank & Treasury Receipt.

Detailed explanation-3: -eSBTR, abbreviated as electronic Secure Bank & Treasury Receipt, is an online stamp duty payment service. eSBTR looks like a non-judicial e stamp paper and is printed on a secure stationery paper provided by the Indian Security Press.

Detailed explanation-4: -e-SBTR is valid for each registerable and optionally registerable documents wherever the tax amount is minimum Rs 5000/-or higher value. Note: Validity of e-SBTR Stamp Paper is 6 months only.

There is 1 question to complete.