Digital Document Execution (DDE): Digital Documents Execution (DDE) is a fully automated digital contracting process that replaces physical stamp paper, physical agreement and physical signature with a paperless e-Stamp and electronic signature on digital documents.
Benefits of Digital Document Execution (DDE):
For customers:
No branch visit required for DDE
End to end digital process
Simple process with convenience with step-by-step Guided e-mail and SMS Communication System
Facilitates the early dispersal of loans
For Bankers:
End to end digital process to reduce workload
Reduced TAT with auto populated data
Easy online access and retrieval of executed documents
Enhances ease of doing business, with paperless execution and storage of financial contracts
States/UTs where DDE Functionality is presently available for SMEBU Products:
Currently, DDE functionality for SMEBU Loans is available in following 12 States.
Andhra Pradesh
Assam
Chhattisgarh
Himachal Pradesh
Kerala
Maharashtra
Meghalaya
Odisha
Rajasthan
Tripura
Uttar Pradesh
Uttarakhand
Products for which DDE Functionality is presently enabled: Presently it is available for pre-approved business loans (PABL). It will be available soon for Digital MSME Loans also.