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Politics News

The Times of India

Politics / The Times of India

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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.

4 Mar 2026 2:17 pm