A Step-by-Step Process for Completing RTO Form 34

Posted on: Sep 21, 2023 | | Written by:

A Step-by-Step Process for Completing RTO Form 34

Published on September 21, 2023. EST READ TIME: 3 minutes

If you purchase a vehicle through financial arrangements like a lease, hypothecation agreement or hire-purchase, the Registration Certificate requires listing all financiers and registered owners. Form 34 of the Regional Transport Office is used to update ownership records. You need to make a copy of this particular document in case the actual authority for registration is different.

The RTO mails a copy of this specific application to the vehicle's financier and the registering authority after the entry is completed in the registration certificate.

Purpose of RTO Form 34:

Different types of application forms are used for various citizen services. In the same way, Form 34 is an application form used for the addition of a loan to an RC of a vehicle having comprehensive car insurance . It is usually provided by the leasing company or the bank.

As a vehicle owner, you may have purchased the vehicle by taking a vehicle loan from a financer. When a vehicle is to be registered, you need to provide the name of the registered owner as well as the name of the financer. These entries are filled in in Form 34 and are submitted to the RTO. Thereafter, the RTO the application to the financing company and also to the Registering Authority after entering the data in the RC.

How to Download RTO Form 34?

To obtain RTO Form 34 for updating registration records, follow the given steps:

1. Visit the website https://parivahan.gov.in/

2. Click on 'Informational Services', and find 'Downloadable Forms'

3. Click on it and then again click on 'All forms'

4. You will find the option of 'Form 34'. Click on it to start the download.

How to fill out RTO Form 34?

RTO Form 34 has two sections - the first covers details of the registered owner and financier, while the second is the RTO's official endorsement of the actual hire-purchase, hypothecation or lease agreement. To fill out Form 34, follow the given steps:

1. In the top left corner, type the name of the RTO who will be responsible for entering the agreement.

2. Fill in the vehicle's registration number and the Registered Owner's name.

3. Fill in the Financier's full name and address exactly as they appear on the agreement document.

4. The Registered Owner and Financier both sign and date the document to complete section 1. The owner may also use a thumbprint if he cannot sign.

5. In the endorsement section, the RTO representative enters the RTO's reference number along with the address, the date the agreement was recorded on the RC, and signs and dates the form.

6. If the names of the registering authority as well as the financier differ from those listed towards the beginning of the form, the RTO representative also needs to update the same.

7. Finally, the financier's specimen signature needs to be attached to complete the process.

Documents needed with Form 34:

The documents that you must keep ready to submit with Form 34 include:

1. Vehicle registration certificate

2. Registered owner's ID proof

3. A agreement of hypothecation or lease between the repurchaser as well as the registered owner of the vehicle.

Tips To Remember While Filing RTO Form 34:

Here are a few necessary points to keep in mind while filing RTO Form 34:

• Enter the complete name along with the address of the financier as listed in the hiring, leasing or the agreement of hypothecation.

• The vehicle's registration number needs to be correctly mentioned as well. There could be a concern if the same is not captured accurately.

• At the beginning of the application, include the full address of the Regional Transport Office (RTO) where the vehicle is currently registered. If originally registered at a different RTO, mention the full address of that original registering authority towards the end of the form.

How can you add hypothecation to your vehicle online?

Getting hypothecation on your vehicle is a simple process whether for new or existing vehicles. The first step is to fill out two forms, one online application form and one offline application by visiting the official website of Parivahan. You will need to submit some supporting documents online, which are mentioned below. After submitting, you should print out the relevant documents and make payment.

Once you have all the documents ready, schedule an inspection at the DTO/RTO office for verification. The RC will be presented, hypothecated, and delivered to you after the inspection is complete.

Frequently Asked Questions

1. What is RTO Form 34?

The RTO Form 34 is an application to enter a lease or hire purchase arrangement for a vehicle having car insurance policy.

2. Can the RTO Form 34 be submitted online?

Yes, you can submit the RTO Form 34 online by visiting the Parivahan portal.

3. For what purpose is RTO Form 26 used?

RTO Form 26 is used to apply for a duplicate copy of the registration certificate.

4. What is Form 34 in a car loan?

Form 34 is used to make an entry in the RTO mentioning lease, hypothecation or hire-purchase subsequent to registration.

Conclusion

RTO Form 34 provides a standardised process for properly documenting ownership updates when vehicle financing is involved. When you purchase a vehicle, make sure you get the right kind of vehicle/ car insurance policy for it, too. Your insurance policy will not just offer you financial aid in case you are in an accident, but also save you from legal trouble, as having a minimum of third-party liability insurance is mandatory.

Disclaimer: The above information is for illustrative purposes only. For more details, please refer to the policy wordings and prospectus before concluding the sales.

RTO Rules for Car Scrapping and Deregistration

How Financing a Car Affects Your Insurance Rates

How to File Car Insurance Claim with Temporary Registration Number?

Car Insurance Background Checks: All You Need to Know

A Comprehensive Guide to Global NCAP Rating