[praJEEP]

Yes i picked it up from the Mg road branch, cheques do take 45 days to reach us not only icici for any bank for that matter. i am sorry to say this but your preparation for this process is too late. closing the loans and getting NOC's and security cheques never happen in a span of 10 to 15 days time any MNC bank for that matter.

The only thing we can do is avoid taking car loans from mnc banks if we are not ready to wait for 45 days.

[NetfreakBombay]

If you can collect NOC from a branch then put a stop payment on cheques just to be sure that they are not misused even if they are sent to current address.

[gods-envy]

i am not sure about the security cheques, but u can definitely put more pressure on ICICI bank.
Go to the main branch adjacent to MG road, next to Bangalore central and request for a NOC.
I got mine like that itself
I was not ready to wait for them to send it by courier, hence went personally to the bank. However this whole process did take me about 10 days or so.
I used to call up the bank regularily though

[madhav]

In this day and age, pvt banks which harp about offering next gen banking take so many days to issue an NOC!!! I'm sure with the kind of connectivity any ICICI Br Manager should be authorized to sign the NOC and give it to the customer. Maybe it is time people asked for more credibility from these banks. They are prompt when it comes to opening accounts, offering loans etc, but anything to do with you leaving the bank then everything looks like a Govt. office...Sad!

[rkg]

Originally Posted by madhav

but anything to do with you leaving the bank then everything looks like a Govt. office...Sad!

sorry, govt office does not try to hold any one.govt philosophy is any one can do any thing.this new gen banks are actually erstwhile money lenders who made loanees bonded labourers. ICICI is on the top of the list displcing CITI...

if it is possible stay away from ICICI

[Eddy]

Guys, the loan for my Ikon finished in October last year. The bank has given me the NoC.

Now what ? Its a Delhi registered (DL 1C) car. What are the formalities ?

[Mission_Safari]

Originally Posted by Eddy

Guys, the loan for my Ikon finished in October last year. The bank has given me the NoC.

Now what ? Its a Delhi registered (DL 1C) car. What are the formalities ?

Go to your RTO and get the HP cancelled. Mail/Fax a copy of the RC book to your insurance company to get the HP cancellation reflected in your insurance.

[sam003]

Originally Posted by Eddy

Guys, the loan for my Ikon finished in October last year. The bank has given me the NoC.

Now what ? Its a Delhi registered (DL 1C) car. What are the formalities ?

Take another loan

Just get RC cleared, I guess it will be mentioned somewhere like HP by.

[Eddy]

Originally Posted by Mission_Safari

Go to your RTO and get the HP cancelled. Mail/Fax a copy of the RC book to your insurance company to get the HP cancellation reflected in your insurance.

Thanks for help. Noob question: Can I go to any RTO office or the one where the car was registered ?

[Mission_Safari]

Originally Posted by Eddy

Thanks for help. Noob question: Can I go to any RTO office or the one where the car was registered ?

AFAIK This can be done only at the RTO where the car was registered.

[sandeep3in]

I need information on the HP removal and change of address in the RC book . I wanted to know if we need to go to the same RTO office where the vehicle got registered to change the address and get the Hp removed or do we have a possibility to go to the nearest RTO office .

Please help .

Thanks

[SS-Traveller]

Originally Posted by sandeep3in

I need information on the HP removal and change of address in the RC book . I wanted to know if we need to go to the same RTO office where the vehicle got registered to change the address and get the Hp removed or do we have a possibility to go to the nearest RTO office .

Not sure how it works in bangalore, but in Delhi removal of hypothecation (HP) or change of address happens only at the RTO where the vehicle and the HP are registered. Despite a change of address (within Delhi), the vehicle continues to remain registered with the same RTO as it was originally.

Hope this helps.

[balajeshi]

Guys ,

One more doubt i haven't taken the NOC from the ICICI ,my 2 wheeler loan got over some 2 years back .. Can i go and get the NOC from ICICI[MG road] now as i haven't recieved the same from them [i have changed the address].

Since i wasn't planning to sell my vehicle i got little lazy to collect the same.

[benbsb29]

Guys, i plan on approaching the RTO this coming Saturday to get the hypothecation on my car removed. What are the documents i need to carry for the same?

Does the person in whose name the car is registered have to be present?

Thanks in advance.

EDIT : I found quite some info from csenthil's post earlier on another thread.
Link