How to Transfer Vehicle Ownership

Q: What is the ownership transfer fee for bikes?

The total two wheeler transfer charges can be anywhere from Rs. 230 to Rs. 235.

Transferring your vehicle ownership can be an easy process with the right guidance. Here’s everything you need to know about this.

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Introduction

If you are a resident of India and are willing to purchase a used bike, you will be required to take care of a few things. One of the most important factors is the transfer of ownership of the bike. This is an important prerequisite for obtaining a fresh insurance for your second-hand vehicle, and the process can be done at the applicable RTOs found across your city. Learn about transferring vehicle ownership and more in the following sections.

Steps to Transfer Bike Ownership

The process of transferring the ownership of a bike is extremely easy and straightforward. Here’s a quick overview of the bike ownership transfer process:
Ensure that you get all the relevant documents from the seller. These include the sales receipt, road tax certificate, registration certificate, pollution certificate, insurance policy, and Forms 28, 29 and 30 duly signed by the seller.
In the case of the sale of a used bike, the seller has to submit the relevant form for bike ownership transfer, duly filled and signed by both the seller and the buyer, at the RTO where the vehicle was registered.
In the case of a transfer due to the death of the previous owner, the legal heir of the owner will be required to initiate the process.
The transfer will be completed if the required transfer forms and documentation have been submitted to the RTO and the bike transfer fees have been paid within the allotted time frame.
The ownership of the bike will be transferred from the seller to the buyer following the successful RTO verification.

Documents Required for Initiating Bike Ownership Transfer

It is extremely important to be aware of the list of documents that you need to submit to initiate the bike ownership transfer. This will not only speed up the process, but will also reduce the chances of rejection. Check out the list of the required documents below:

Registration Certificate (RC)

Every vehicle is required to be registered with an RTO, which would provide the owner with a Registration Certificate (RC). The RC comprises several details regarding the owner and the vehicle in question.

Pollution Certificate (PUC)

As the name itself signifies, a Pollution Certificate is a document that certifies that the bike meets all the emissions and pollution control criteria laid out by the transport authorities.

Insurance Certificate

Every vehicle is mandatorily required to possess a valid insurance policy as per the Motor Vehicles Act, 1988. An insurance certificate is a mandatory document that you should produce to be able to effect the bike ownership transfer.

Sales Receipt

When you purchase a used bike, the seller is required to give you a sales receipt specifying the bike transfer price. It is a signed document that acts as a confirmation of the sale.

Proof of Identity

You would also have to submit a copy of your identity proof. This can be anything from your PAN card or Aadhaar card to your driving licence or passport.

Proof of Address

Similarly, you will also have to produce the proof of your address as well. Your Aadhaar card, passport, electricity bill, and utility bill are all accepted address proofs.

Road Tax Certificate

A road tax certificate is a document that serves as proof of road tax payment and needs to be submitted along with the other documents.

Form 28

In the case of inter-state bike ownership transfers, you would have to produce a No Objection Certificate (NOC) in Form 28 from the RTO of the state from which you wish to transfer the bike.

Form 29

Two copies of Form 29, which is essentially a notice of the transfer of ownership of the bike, have to be submitted with the RTO.

Form 30

And finally, another two copies of Form 30, which acts as a confirmation of Form 29, are also required to be submitted.

Documents Required for the Transfering Bike Ownership In Case of the Owner's Death

In the case of the death of a bike’s owner, the legal heir is supposed to transfer the bike onto his name. Here’s a quick look at the additional documents that you would have to submit along with the ones above to effect the bike ownership transfer.

Death certificate of the owner of the bike

Form 30 and 31, duly signed by the transferee

Succession certificate

No Objection Certificate

Self-attested copy of the bike insurance policy

Copy of the transferee’s PAN card or Form 60

Seller’s signature identification

Vehicle verification on Form 20

Two-wheeler Ownership Transfer Fees

The bike ownership transfer costs are quite nominal and are not likely to have an impact on your wallet at all. Here’s how much a bike ownership transfer can cost you.

RTO Charges

The bike transfer fees that RTOs levy are quite affordable, ranging from just ₹30-35 depending on the state where you effect the transfer.

Smart Card Charges

Nowadays, RTOs all over the country are providing registration certificates in the form of a smart card. The charges for the smart card have been set at Rs. 200.

Transferring the Insurance Certificate of the Two-wheeler

Simply knowing how to transfer the ownership of a bike may not be sufficient. Considering the fact that you would also have to transfer the insurance policy over to your name when you purchase a used bike, it is equally important to be aware of the insurance transfer process as well. Here’s the steps involved in conducting a successful transfer:

You will have to intimate the insurance provider about the transfer of ownership of the bike over to your name within two weeks from the date of bike ownership transfer.
The insurance provider will require you to submit certain documents such as the new Registration Certificate bearing your name, the original insurance policy document, your proof of address, your proof of identity, and the sales receipt, among others
Once you’ve submitted all of the necessary documents, the insurance provider will update the insurance certificate and issue a new policy document bearing your name.
Upon receiving your new insurance policy, you will have to report the same to your RTO as well.
After transferring the insurance policy, you can choose to continue with the same insurance provider or purchase a new one upon expiry of the plan.

Conclusion

The transfer of a bike ownership is an important process that you must do as soon as you purchase a used motorcycle or a scooter. Delaying the process could potentially result in exorbitant fines being levied on you and may even lead to imprisonment. So, make sure that you complete the process in time.

If you’re interested in purchasing a new insurance plan, simply head to Bajaj Markets ‘s website. Over there, you can browse through an extensive list of bike insurance providers and plans, compare them with one another, and choose the one that best fits your needs and requirements. Don’t wait any further and get started with selecting the right insurance plan!

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Is it mandatory to transfer bike ownership when you purchase a used bike?

Yes. Whenever you purchase a bike that’s been used by another person, you are mandatorily required to apply for the transfer of ownership immediately. Driving a bike without doing so can lead to trouble with the transport authorities.

What is the ownership transfer fee for bikes?

The total two wheeler transfer charges can range anywhere from Rs. 230 to Rs. 235.

Can the bike ownership be transferred in the case of the owner’s death?

Yes. The ownership of the bike can be transferred in the event of the previous owner’s death. However, only their legal heirs can initiate the process.

Do I have to produce a No Objection Certificate (NOC) to transfer bike ownership?

Yes. To be able to transfer the ownership of the bike from the seller to yourself, you would have to produce a No Objection Certificate. However, this would only have to be done if you’re transferring the bike from one state to another.

Do I also have to transfer the vehicle insurance policy along with the bike ownership transfer?

Yes. It is not enough to just transfer the ownership of a used bike that you purchase. You would also have to transfer the vehicle’s insurance plan within two weeks from the date of transfer of ownership.