The Internet has made buying and selling cars much easier than a decade ago. Whether you’re buying or selling, online RC transfer and bike ownership processes are essential. Let’s explore these procedures in three scenarios: sale, owner demise, and auction.
Forms That Must Be Completed
The first step in the two-wheeler transfer procedure is notifying the current RTO office of the bike’s sale and ownership transfer. The following forms must be completed:
Appropriately completed: If the registration transfer takes place outside of the state, Form 28 (NOC) must be submitted. It won’t be required if it is in the same state (unless the RTO specifies otherwise). Form 29 is where the ownership change is reported to the RTO. This must be signed by the seller, along with a passport-sized photo. Form 30: This document notifies the buyer and seller of the transfer of ownership and includes their signatures and pictures. Additionally, it would help if you affixed an imprint of the engine and chassis number on your bike.
Important Documents Are Needed
The following items are necessary to have on hand:
- The bike’s original Registration Certificate (RC), which the RTO issued.
- A legitimate certificate of pollution under control (PUC).
- A sale letter or sale receipt is required when the motorcycle is purchased. This serves as documentation of the transaction and bears the signatures of the buyer and the seller.
- The previous owner’s road tax certificate must be delivered to the RTO with other supporting documentation.
- It is necessary to Provide proof of identity and a permanent address, such as a passport, voter ID, electricity bill, or Aadhaar card is needed.
- An NOC from the bank or lending organisation would be required if the bike was financed.
How To Transfer A Bike’s Ownership If Its Owner Passes Away
If a bike’s original owner passes away, you have thirty days to notify the registering authority that you intend to use the bike. Make sure that, within three months of the original owner’s passing, you apply for Form 31. In addition to the standard paperwork, you also need to submit the NOC and PUC. Along with a declaration from the applicant and all other deceased legal heirs, you must also submit the registered owner’s death certificate and evidence of succession.
Insurance Transfer
Since car insurance plays a significant role in ownership, it must also be transferred to the new owner’s name. Third-party bike insurance is mandatory as per the law. The new owner must move the bike insurance into their name within two weeks of the sale. The original policy document must be turned in to finish the process.
Make sure that you always renew your motorcycle insurance on time. You can manage your insurance policy on the go using a Bajaj Allianz bike insurance app.
A smooth ownership transfer for your bike is a process that requires meticulous attention to detail. Third-party bike insurance is crucial during this transition, serving as a protective shield for the new owner and ensuring compliance with legal obligations. Stay informed, renew your vehicle insurance on time, and confidently enjoy the road ahead. Claims are subject to terms and conditions set forth under the motor insurance policy.*
Get insured anytime, anywhere! Check out Bajaj Allianz General Insurance website to learn more and download the app now.
*Standard T&C Apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.