Stock Holding Corporation of India Ltd. (SHCIL) has entered into a pan India arrangement with IDBI Bank Limited, one of the largest and leading banks in India to provide services for issue of stamp certificates and collection of money on its behalf as Authorised Collection Centre.

IDBI Bank Ltd. is the first bank to have an all India tie-up as an Authorised Collection Centre (ACC) for e-Stamping system with SHCIL.

SHCIL, at the initiative of the Central Government, is appointed as a Central Record Keeping Agency for computerised stamp duty administration. Through the deal, SHCIL would expand its reach across the States for issue of stamp paper and collection of money through the wide network of IDBI Bank, where e-Stamping system has been implemented.

Presently, SHCIL is also in talks with several State Governments including Tamil Nadu, Bihar, Uttar Pradesh, Punjab, Haryana, Assam for the introduction of the e-Stamping system.