Relief to vehicle owners, hypothecation removal now to be online

by | Mar 4, 2026 | Asia

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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.

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Written by Albert Pham, News Curator and Blogger

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