RBI Rules: Banks will have to return the registry within 30 days of completion of home loan, otherwise a fine of Rs 5,000 will have to be paid every day.


You have taken a home loan from the bank and it has been completed and you are waiting for the registration of your house, but it has been more than a month and your registration is not available, so now you do not have to wait. Let us tell you that the Reserve Bank of India has given great relief to home loan customers. Now after repaying the home loan, you will get your registry paper back within 30 days.

According to media reports, RBI has issued instructions to the banks that if the banks do not return the registry papers to the customers within 30 days, then the banks will have to pay a fine of Rs 5000 every day.

Let us tell you that the Reserve Bank of India has issued new rules for banks to return property documents. It has been made clear from the banks that even after the loan is completed, people have to wander to get the registry papers and due to the bank's process, they had to make several rounds for this. But now this will not have to be done. After this decision, home loan customers will get great relief.

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