[NetfreakBombay]

Don't worry this is usual practice if you are dealing with HDFC.

Reason, they would not give you a copy is:

1. Rate if interest field is black when you signed the form
2. You authorized Bank to collect duplicate keys since you lost originals
3. You authorized bank to collect duplicate RC Book/ RC Card since you lost original
4. You would NOT pay interest on first EMI / Down payment if paid already to dealer.
5. You will get a letter from HDFC in 2 - 3 weeks with"Amortization Schedule" it will show Interest portion of each EMI. Interet would be zero for first EMI.

And chques are final nail in the coffin.

All these things are done since bank is "powerless" in you default. So if you default:

1. Bank will put these cheque for clearing
2. If cheques bounce, this becomes a criminal matter and they have leverage over you
3. Since they already have ALL the permissions from you (to get duplicate keys and to get new Original RC) it would not take much to get the car and handle paperwork.

But if things go smoothly over tenure of the loan, you get everything back with NOC.