In case you are looking to get the "Hypothecation Termination" for your vehicle in Bangalore, Karnataka (Electronic city KA51 is being mentioned here specifically) it has become quite simple even if you approach directly rather than through an agent (Agent charge Rs 1000/- and claims to deliver in flat 2 days).
Few things which you need to take care:
1. Form 35, filled by the financer (has to be submitted within 3 months of getting it from the financier), insurance copy, pollution control copy, RC xerox copy, aadhar or any ID proof copy and original RC in a small plastic cover (which you can get at the Xerox shop near by).
2. You need to carry a self-addressed envelope (45 Rs stamp) for speed post to send back the RC.
3. The Xerox person will help you to put all in one bundle in a particular order.
4. Submit it at RTO frontdesk (Opp to where RTO sits) to check the submission and then pay the Rs 200/- fee.
5. After the payment, you need to get the signature from the RTO and submit back at the desk near the cashier or opposite where the RTO sits. Get an acknowledgement slip.
6. You can know the status of application here. In case it is stuck please get phone number of the personal and track to closure. The whole process may take a month. This happens automatically in case you go through an agent.
7. Once its verified, one should get the RC in a week's time to your home address.
Hope it helps someone to do it the proper way.
Few things which you need to take care:
1. Form 35, filled by the financer (has to be submitted within 3 months of getting it from the financier), insurance copy, pollution control copy, RC xerox copy, aadhar or any ID proof copy and original RC in a small plastic cover (which you can get at the Xerox shop near by).
2. You need to carry a self-addressed envelope (45 Rs stamp) for speed post to send back the RC.
3. The Xerox person will help you to put all in one bundle in a particular order.
4. Submit it at RTO frontdesk (Opp to where RTO sits) to check the submission and then pay the Rs 200/- fee.
5. After the payment, you need to get the signature from the RTO and submit back at the desk near the cashier or opposite where the RTO sits. Get an acknowledgement slip.
6. You can know the status of application here. In case it is stuck please get phone number of the personal and track to closure. The whole process may take a month. This happens automatically in case you go through an agent.
7. Once its verified, one should get the RC in a week's time to your home address.
Hope it helps someone to do it the proper way.
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