Maharashtra soon to introduce e-payments for property deals

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For boosting the usage of digital payments, the department of registrations and stamps is planning to start electronic payment of fees for property-related transactions registered under the sub-registrar offices.

“At present, around 97 per cent of our payments are received online for all 63 articles on which registration is done,” said an official from the department.

This drive will bring down the cash transaction and work in alignment with the Digital India drive initiated by Prime Minister Narendra Modi-led government. The department is also working to unveil point of sale (PoS) machines for credit and debit card in their offices. In addition to this, e-wallets will also be made available soon.

“This digital payment initiative will do away with the need for handling physical cash. We levy document handling charges of Rs 20 per page for documents and for documents like development agreements, which run into hundreds of pages, collection of cash becomes cumbersome,” said the officer.

In September this year, the State Government decided to initiate Bharat Interface for Money (BHIM)-Aadhaar Pay among the rural populace and in cities payments will be accepted through credit cards, debit cards and all existing modes of e-payments. This latest move will further strengthen the popularity of e-payments in the State.

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