Relief to vehicle owners, hypothecation removal now to be online
Vehicle owners can now rejoice as hypothecation removal from registration certificates becomes automatic post-loan repayment. The road transport ministry's new online system, launched with select banks and NBFCs, eliminates manual visits to RTOs. This seamless process, leveraging RBI's ULI, ensures real-time data exchange, simplifying loan closure for citizens.
Vehicle owners can now rejoice as hypothecation removal from registration certificates becomes automatic post-loan repayment. The road transport ministry's new online system, launched with select banks and NBFCs, eliminates manual visits to RTOs. This seamless process, leveraging RBI's ULI, ensures real-time data exchange, simplifying loan closure for citizens. What's Your Reaction?
