Digital Signature is similar to a physical signature. It completely identifies the personality of any person. This signature is in electronic format. This signature is used for online transactions like Income Tax E-Filing, Company’s or LLP’s Incorporation, Filing Annual Return, E-Tenders, etc. There are three main types of Digital Signature Certificate:
→ Class I: Used for securing email communication.
→ Class II: Used for Company or LLP Incorporation, IT Return E-Filing.
→ Class III: Used mainly for E-Tendering and for participating in E-Auctions.
A Digital signature comes in the form of a USB E-Token, whereas the certificate of Digital Signature is stored in a USB drive.