Middlemen to be shown the door

Applicants to receive OTP for each transaction

The Vahan 4.0 software will eliminate middlemen by sending an OTP (one time password) to the registered mobile number of the applicant for each transaction.

Officials of the Motor Vehicles Department said that touts will find it difficult to overcome the feature. Vahan 4.0 will pave way for two key changes in vehicle transfer and registration process.

The transfer of ownership will be automatically reflected in government records once a vehicle is sold. Those selling motor vehicles will have to surrender the RC book to the RTO along with the valid address proof of the buyer. The RC book will be cancelled and returned to the seller while a new RC book will be issued to the buyer from the RTO in the location of the buyer’s residence. Earlier, the prior owner will have invited trouble, if the buyer had not changed the name and address and the vehicle had been used for a criminal activity.

The auctioning of fancy numbers has also been made online. Allotment of fancy numbers will be through online bidding and applicants can participate even from abroad. In the earlier system, agents or middlemen used to make outside settlements or adjustments to favour a participant keen on getting a fancy number.

Now, applicants will not know the number of participants in bidding or their identities. Each participant can view the highest bid made by another participant and increase their bid accordingly.

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Printable version | May 30, 2020 6:04:15 AM | https://www.thehindu.com/news/cities/Kochi/middlemen-to-be-shown-the-door/article26594798.ece

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