How to Cancel Hypothecation of Bank

Documents Required:

Location:At Indira Nagar RTO, Bangalore.

1.    RC book in Original

2.    NOC from bank addressed to the RTO

3.    2 copies of Form-35 (From bank with their seal and sign)

4.    Copy of Insurance

5.    Copy of Pollution certificate

6.    A self addressed Envelope with Rs.15 stamp stick to that.

7.    A paper Folder, write your name and Vehicle number on front page (good to have)

The Process!

A.   Go to Room no-13, Counter no-09 and submit all the documents. This personnel  will check all the documents and will forward it for computer verification.

B.   At the computer section : If any fines are pending on your vehicle, they will mention that in your papers and will send it back to the person in counter no-09.

C.   He will verify again and sign the documents.

D.   Take the documents and pay the fee & fine(if applicable) in Room no-01

De-Hypothecation – Rs.100

Smart card (if you don't have) – Rs.200

E.   Collect the receipt after paying the fee. Attach the receipt to the folder and submit it at Room no-13 , counter no-06.

F.    Collect the Acknowledgment(Name and Vehicle number will be written on that)

G.    Your Documents will be couriered to your address.

TIPS:

1.    Stationary stores in BDA complex usually have Pre-stamped envelope. If you tell your requirement (transfer, de-hypothication etc) they will give you the full set with required forms.

2.    If you have all the documents, then you don't need an agent. :D

Initially i was very hesitant to go to a Government office on my own,due to the various stories we’ve heard about Bribes etc.

But after this experience.. I feel that they(RTO) have changed, it took only 30min for me to complete the whole work there. It gives me more confidence to go to government offices in future, bypassing agents.

- Chalked by Bijesh Krishnankutty