[Sankar]

I have took a two wheeler loan from HDFC Bank to purchase my new Karizma. Loan got approved without any hassle and i got my bike a month back. The RC book was to be collected by the dealer and handed over to me. When i went to collect my RC book this afternoon i was told that the bank is keeping my original RC book and i was given a photocpy of the same.

Now this is not right as i've been told that i shall be getting the original RC book and i was supposed to give a copy to the bank. I even got an SMS from HDFC bank on 17th Oct telling me that copy of RC book and other related documents have not been submitted to the bank. From that mesage it's clear that bank needs only the copies and not the original document.

Now the question is how can i get the RC book from them? They're telling me it will be given after i close the loan. Now that IS PLAIN STUPID! What does the bank have to say if i'm travelling out of state on my bike and the cops there demand to see the original documents?! The person who answered me when i called the bank tells me that if i need the original RC book i have to give my original DL to the bank and then they will give me my RC book, once my work with the RC is over i have to return it to the bank and then they'll give me my DL!!! How stupid can they get??!

Now i need to know if the bank is legally allowed to keep the RC book of my motorcycle with them. I also need to know how i can get RC book from them. Without the original RC i cannot travel on my motorcycle.

Can anyone give me some pointers?