Stamps Franking

Franking refers to the process of imprinting a stamp. Banks employ franking to authenticate papers, or legal contracts.

In the banking industry, franking is frequently used to stamp or mark financial instruments, documents, or receipts to show that particular duties or charges have been paid. Revenue stamps may be required for certain financial transactions, contracts, or legal documents. When these stamps are franked, it means that the government has received the required revenue or taxes. Banks may have customized franking stamps with their logo, name, or other information to guarantee that the mark is easily identified as coming from that particular bank.