The whole process of two-wheeler ownership transfer, registration, and insurance is more than just handing over the keys and cash. Selling or buying a second-hand bike follows various rightful procedures so that the liability is properly passed on to the new owner, and everything will be in check with the regional motor laws. In this guide, we take you step by step to help you transfer ownership, register, and transfer insurance for your two-wheeler so you can go through the process hassle-free.
1. The Process of Two-Wheeler Ownership Transfer
The very first thing is that ownership of the bike needs to be transferred from the seller to the buyer. For that purpose, specified documents needed to be filled up and submitted to the RTO. Two-wheeler ownership transfer must be done right so that no hassle may be faced in law matters in the future.
Two-Wheeler Ownership Transfer Key Steps
Get Form 29 and Form 30 from the RTO or download them
He must fill up Form 29 to inform the RTO about the transfer of ownership.
Both seller and buyer must jointly submit Form 30 which is the acknowledgment of the seller for transfer of ownership.
He has to present all these documents to the RTO along with copies of the RC of the bike, pollution control certificate, valid insurance, and identification documents.
Once these documents are checked, the RTO would process the transfer ownership of a used bike and make all possible changes in the “Registration Certificate” so that the name on it would be changed to that of the buyer.
2. Registration Transfer of Two-Wheeler
In this case, the transfer of the registration is very important so that there’s a valid proof of ownership for the new owner. The procedure of two-wheeler RC transfer is carrying the RC of a bike along with all details of the new owner. The new owner of the bike has to visit the RTO where originally the bike was registered and obtain the two-wheeler RC transfer.
What You’ll Need
The original RC book of the bike
Form 29 and Form 30 duly filled and signed
Address and identity proof of both the buyer and the seller
PUC certificate pollution under control certificate
Insurance certificate
Transfer fees as applicable.
The registration transfer for a two-wheeler takes about a few weeks as per the workload of the RTO. Once this process is over, then the name of the buyer gets printed in the RC, and thus he would become the owner of the bike.
3. Bike Insurance Transfer Procedure
In this context, the insurance policy needs to be updated once the ownership and registration are transferred. The bike insurance transfer guide will help you through the process of transferring the existing policy to the new owner. If the insurance is not transferred then, the claim arising post sales on account of accidents or theft will have to be borne by the seller.
Process to Transfer Bike Insurance:
Notify the insurer about the change of ownership of the vehicle within 14 days of the sale.
You would be required to provide documents that would include new RC, Form 29, and Form 30, along with a copy of your previous insurance policy.
The insurance company can issue a fresh policy in the name of the buyer or could even request the latter to get a brand-new one.
Transfer two-wheeler insurance policy documents to the RTO for proof of insurance coverage.
Two-wheeler insurance transfer is usually not a problem. However, failure to transfer the two-wheeler insurance may increase the risk of the policy being rejected in the case of an accident or theft, so you should acquire proper updates of the policy in the buyer’s name.
4. How to Transfer Two Wheeler Documents: A Checklist
The following is a two-wheeler transfer checklist of the documents that you will need:
Form 29-Notification of Transferee of Ownership
Form 30 Application for Transferring of Ownership
Original Registration Certificate RC book
A genuine policy insurance
Pollution Under Control (PUC) certificate
Sale deed with domicile/ residence and identification proof for the buyer as well as seller
No Objection Certificate, if required
(Document in case it is being transferred inter-state
Photocopies of passport-size photographs both from the buyer and seller.
It is a checklist that ensures you have all the documents needed to carry out this process of transferring ownership of your bike without any hitch.
5 Change of Ownership of a Second-Hand Bike: Things to Note
As you go about changing the ownership of your old bike, there are certain things you must note.
Ensure all its RC, Insurance, and PUC certificates are valid and updated before handing over the ownership of the second-hand bike.
Check no arrears or fine: See if the vehicle has any pending challans or due and pending payment.
No Objection Certificate (NOC): When the two-wheeler is sold to a different state, an NOC issued by the RTO of the old state is required.
Transfer period: The whole procedure should be done within 30 days of the date of selling of the vehicle so that no problem arises in legal terms.
Conclusion: How to Simplify Two-Wheeler Transfer
Whether you are buying or selling, learn about the transfer of ownership as well as the process of transfer of registration and insurance of your two-wheeler. These steps guide you through easy documentation, thus saving the buyer and seller from unwanted problems in later stages. But in doing so do not forget the two-wheeler RC transfer steps at the RTO and apply for a bike insurance policy transfer promptly through your insurance company.