RTGS number in registration documents

Post Reply
nag20in
Posts: 5
Joined: March 14th, 2012, 12:14 am

RTGS number in registration documents

Post by nag20in »

Hi,
I am buying a property and and got a clearance from lawyer to buy. But the question I have is when we prepare the registration documents we need to to add the DD number or RTGS number. In my case it’s huge amount so I am planning to do RTGS. I don’t want to transfer the money well before the registration to get RTGS number. In this case what is the best possible option?

Regards,
Naga
sujiths
Posts: 16
Joined: March 12th, 2013, 5:28 pm

Re: RTGS number in registration documents

Post by sujiths »

DD is the better option. Some banks will reduce the DD charges based on the amount and the average monthly balance that you keep with them. Like you mentioned, transferring a large amount before the registration is risky, so my suggestion is to take a DD and quote the DD number in the registration documents.
Post Reply

Return to “Regularisation”