Owning a new bike is a thrill, but parting ways with your old one may be a bit nostalgic, especially if your old ride has a registration number you’ve grown attached to. Bajaj Allianz understands your sentiments, which is why we have incorporated detailed information into our bike insurance
policies about how to transfer your old bike's registration number to your new vehicle. This article will guide you on how you can keep your lucky number while ensuring you stay legally compliant.
Why Are Registration Numbers Essential For Vehicles?
Registration numbers are a crucial part of your vehicle's identification, similar to how the permanent account number (PAN) / Aadhar identifies a person. It aids in tracking the vehicle for legal and insurance purposes. For instance, if your vehicle is stolen or involved in an accident, the registration number is what authorities and third party bike insurance
providers use to identify and track it.
Can You Transfer The Registration Of An Old Vehicle To A New One?
Yes, you can. The Motor Vehicles Act, 1988, permits owners to retain their old vehicle registration number for a new vehicle, under certain conditions. This possibility allows you to keep your lucky number, but it's crucial to follow the correct process to avoid legal complications.
Different Categories Of Numbers That Can Be Ported To A New Vehicle
In India, vehicle registration numbers are broadly categorized into two types: 'ordinary' numbers and 'fancy' or 'VIP' numbers.
Ordinary numbers are the standard series of digits the Regional Transport Office (RTO) issues at the time of vehicle registration. These numbers follow the standard RTO series and do not contain any specifically desirable or distinctive features.
On the other hand, 'fancy' or 'VIP' numbers are those which hold some unique appeal due to their particular pattern or sequence. They might be numerically significant (like 0001, 1111, etc.) or could be considered lucky (like 786) based on various cultural or personal beliefs. VIP numbers are sought-after, and the RTO often auctions these numbers due to their high demand. The right to use such a number can be quite expensive, but it provides a certain cachet that many vehicle-owners value.
Whether you hold an ordinary number or a VIP number, both can be ported to a new vehicle, but remember, the costs and procedures involved can differ.
Procedure To Port The Vehicle's Registration Number
Transferring your cherished registration number involves a multi-step process. Here's how you can go about it:
Application to RTO
Submit a letter of application to the RTO where your vehicle was initially registered. The application should clearly mention your intention of retaining the old registration number for your new vehicle.
Along with the application, you will need to submit several documents, such as the original RC (Registration Certificate) of the vehicle, tax receipt, and a clearance certificate from the police stating that there are no pending cases or challans against your vehicle.
NOC from Financer
If your vehicle was bought under finance, then an NOC (No Objection Certificate) from the financer will be required.
Payment of Fees
The RTO charges a certain fee for this service. The amount may vary depending on the category of your number. Ordinary numbers usually come with lower fees, while the fees for fancy or VIP numbers can be quite high.
After verifying the submitted documents and receipt of the required fee, the RTO will approve the number transfer. The approval process can take some time, so patience is key.
Updating the New Registration
Once approved, you should update the registration details in your new vehicle's Registration Certificate and inform your bike insurance provider about the change.
Remember to follow each step carefully to avoid any legal issues or delays in the process.
Does Porting Your Registration Number Impact Bike Insurance Policy?
Transferring your registration number doesn't directly impact your bike insurance policy. However, it's vital to update the insurance provider about the change, as any discrepancy in the registration details could lead to issues during a claim. Claims are subject to terms and conditions set forth under motor insurance policy.
There are different types of bike insurance plans available, like comprehensive and third-party cover, and the number transfer can be smoothly updated in any of them. At Bajaj Allianz, we ensure that this process is seamless and hassle-free.
As you plan to buy a new bike, don’t worry about leaving your old bike's registration number behind. Now that you understand the process, the significance of registration numbers, and how to renew bike registration
, it's clear that it's possible to start a new journey with your lucky number still with you. While focusing on these legalities, don’t forget the importance of having a solid bike insurance policy in place. Bajaj Allianz General Insurance Company's two-wheeler insurance plans ensure that your ride, whether with an old number or new, is protected against unforeseen circumstances.
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