Buying that ‘001’ or ‘007’ number for your car becomes easier. Here’s how

To bring more transparency in system, Transport Department has made e-auction system simpler

Image Courtesy: NDTV

Good news for Delhi residents, who love fancy/ VIP car number on their vehicles. For interested buyers of such numbers, the RTO has made the process easier. According to a new rule, people interested in such numbers can now deposit their money online for the bid. The Transport Department has decided to go for online payments instead of its current system in which the customer has to deposit draft after the completion of e-auction process. When the e-auction process is completed the transport department will send an allotment letter to an applicant’s email-id. After the process is completed,  he or she is required to deposit a fee or draft for allotted number at the Regional Transport Offices (RTO).

In this regard, the Senior Government official said to PTI: “The move is intended to bring a transparency in issuing fancy numbers. As per the new system, an applicant can now make payments for fancy numbers online through the transport department’s website. The practice will reduce human interface at the RTOs,”

For buying such a special number, the bidder has to take part in e-auction and has to be a Delhi resident. There is a minimum price for the fancy number like for 001, you have to pay Rs 5 lakh, for 0002 to 0009 the amount is Rs 3 lakh and for numbers 0010 to 0099, 0786, 1000,1111,7777, 9999, you have to pay Rs 2 lakh.

However, for numbers like 0100,0111, 0200, 0222 and so on, you have to pay an amount of Rs 1 lakh. If the number is allotted by the transport department then the minimal charges are Rs 25,000. Last year at an e-auction, the number 001 was sold at an amount of Rs Rs 7.70 lakh, while the entire auction yielded around Rs 50 lakh for the  Delhi Government.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express Telegram Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.