Can I Transfer Bike RC Without Insurance?

Transferring a bike registration certificate, or RC is possible both within the same state and to other Indian states. There are two parts to the transmission of the RC bike. 

• One is a change in ownership, while the other is a change in the Regional Transport Office (RTO). It takes a lot of work and consideration to purchase a used or pre-owned car. You must ensure the vehicle is carefully analysed regarding brand, cost, and model selection. 
• Ensuring all paperwork is in order, including the change of vehicle insurance (for the car or the bike) to your name, is another essential step in purchasing a used automobile or motorcycle.

How Is Ownership Of A Bike Transferred?

Transferring ownership of a bike is a straightforward and uncomplicated process. Here is a brief explanation of how bike ownership is transferred.

1. Before purchasing a used bike, ensure the vendor gives you all the necessary paperwork. The sales receipt, registration certificate, pollution certificate, bike insurance policy, road tax certificate, and correctly signed Forms 28, 29, and 30 are all included.**
2. If a used bike is sold, the seller must submit the appropriate ownership transfer form to the RTO where the vehicle was registered, duly completed, and signed by both the seller and the buyer.
3. The legal successor of the owner must start the transfer process if the previous owner’s passing caused the transfer to occur.
4. The transfer will be completed once all required transfer paperwork has been submitted to the RTO and the bike transfer fees have been paid within the allotted time frame.
5. And the bike will be handed from the seller to the purchaser after the RTO has verified everything.

Documents Needed to Transfer

The legal successor is expected to take ownership of the bike if the owner passes away. The following documents are required to transfer bike ownership:

1. Death certificate for the bike’s owner
2. The transferee properly completed Forms 30 and 31
3. Succession authorisation
4. Notification of No Objection
5. Copy of the bike insurance policy with self-attestation
6. A duplicate of the transferee’s Form 60 or PAN card
7. Identification with the seller’s signature
8. Verification of vehicles on Form 20

Bike Transfer Fees

The fees associated with transferring bike ownership are low and are not anticipated to have any financial consequences. Here is the cost of transferring ownership of a bicycle.

• RTO Fees: Depending on where you transfer your Bike, Regional Transport Offices charge very reasonable bike transfer fees ranging from around Rs. 30 to Rs. 35.
• Charges for Smart Cards: RTOs now offer registration certificates (RCs) in the form of smart cards nationwide. Two hundred rupees is the price for the smart card.
• Total Expenses: The entire sum you will pay for the ownership transfer of a bike will be in the neighbourhood of Rs. 230 to Rs. 235.
• Transferring the bike’s certificate: It is essential to inform the insurance provider that you must transfer the insurance policy to your name when buying a used bike. 

• You must inform the insurance company about the transfer of bike ownership to your name within two weeks of the transfer of bike ownership.
• The insurance company will want you to produce many documents, including the original insurance policy document, the new Registration Certificate with your name, your proof of address and identification, and the purchase receipt, among others.
• The insurance company will update the insurance certificate and issue a new policy document in your name as soon as it receives the required paperwork.
• You must notify your regional transport office when you receive the insurance policy with your name altered.
• As per the insurance company, understand how to claim insurance for a bike.

Conclusion

When you buy a used bike, one crucial procedure you must complete is the transfer of ownership and check if there are any dues on the bike insurance premium. Delaying the process could result in you paying astronomical fines or even imprisonment. Therefore, be sure to finish it on time.

** Currently, there are 2 tax regimes in India – new and old. To get the tax benefit you desire, choose the correct one after consulting an expert. You can opt for a regime change during the next financial year.

‘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.‘

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