How it works
A research agent, not a lookup table
Most document checklists are hand-curated spreadsheets, which means they cover what somebody thought to include and nothing else. Kaagaz asks the web at the moment you ask, and files what it finds.
You ask. It reads the sources. It tells you what it could not confirm.
What happens when you ask
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01
Your question is normalised
The transaction, bank, state and residency status are cleaned up so "hdfc bank ltd" and "HDFC Bank" are the same question. Anything we do not recognise passes straight through untouched — an unknown bank is not a rejected bank.
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02
The cache is checked
Every answer is stored with its sources, the exact query that produced it, and a timestamp. If a fresh enough entry exists it is returned immediately and labelled with its "as of" date. That is why a question you have asked before answers in milliseconds.
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03
The web is searched
On a miss, a model with live web access reads the bank's own product pages, RBI directions and state registration department sites. The URLs it actually opened are captured as structured citations — not scraped afterwards.
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04
The checklist is built
Those findings are turned into a strict JSON checklist through a separate generation step on a different provider chain, so a search outage and a generation outage are independent failures. Every item is ordered, costed, timed and attributed to whoever imposes it.
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05
It is filed, with its sources
The answer, every source URL, the retrieval time and the exact query are written to one row. That row is both the cache and the audit trail, which is why the "show the exact research record" panel on every result is possible at all.
The two things people get wrong most
Resident, NRI, and the awkward middle
An ordinary resident is taxed in India on worldwide income and needs no FEMA paperwork. An NRI is an Indian citizen living abroad, and banks require a work permit, an attested employment contract and overseas bank statements instead of Indian ones. The genuinely confusing case is the mixed household — someone who is resident by status but earns or holds money abroad, where Indian tax residency rules and FEMA remittance rules can both apply at once. And an all-NRI joint loan is the hardest version, because every applicant and every guarantor is overseas. Asking for the wrong one produces a checklist full of documents you do not need and misses the attestations you do.
Loan against FD vs FD as a guarantee
These are routinely confused and the difference is not academic. Loan against your FD means you borrow money and your own deposit is the security — you receive cash, the deposit keeps earning interest, and it is yours again when you repay. Typically 1-2% above the deposit rate, minimal paperwork. Using your FD as a guarantee means you are collateral for someone else's loan. You get nothing. The deposit is at risk the moment that borrower defaults, and you carry that risk with no benefit. It requires a specific third-party security consent, and banks are not obliged to accept it. If you are being asked to sign one, read every page and get independent advice.
What we will not do
- Invent a figure. If a bank or state does not publish a number, the answer says so and tells you to ask directly. The structuring step is explicitly forbidden from filling a blank with an estimate.
- Call stamp duty an RBI matter. It is not. This is the single most common error in this domain, so it is corrected in code after generation, not merely requested in the prompt.
- Quote a single interest rate. Actual pricing depends on credit score, amount and tenure, so every rate is a published band.
- Present a researched answer as permanent fact. Every result carries its retrieval date and the sources behind it, and says plainly that it is not financial or legal advice.