Hello,
You can submit the set of documents in RTO for removal of Hypothecation from RC:-
> Original NOC Letter as sent by Bank stating Loan closure (Do note that NOC as sent by Bank has validity mentioned on it - around 45 to 60 days - so ensure that you apply for removal of hypothecation within same period)
- Original Copy of RC is Required to Submitted (ensure that you keep photocopy with you)
- 2 Copies of RTO Form 35 to be signed & stamped by financier & also needs to be signed by your side. You can download :-
form 35
- Certified Self Attested Copy of ID Proof, Address Proof, Insurance, Latest Valid PUC Copy
- Carry a blank envelope with your address mentioned on it along with postage stamps (equivalent to value of registered post charges).
- In terms of Fees :- HP Removal Charges of Rs. 110 approx + New Smart Card issuance charges of Rs. 250 to 300 to be submitted
Note -
> NOC issued by banks is generally valid from 45-60 days. So - at time of submitting dox - Noc should be Valid
> Address in RC should be matched as with present address proof, else some undertaking or form may also be required to submit
The Updated RC without HP would then be sent by registered post to your address in around 15 days
In mean-while - you can still drive in car basis RC Photocopy and RTO Tax Receipt as paid for HP Removal