Question 1

Who is eligible to sell a Certificate of Deposit?

Accepted Answer

Anyone who currently owns a Certificate of Deposit (received from RVSF or through the trading system) can sell before the expiry of CD.

Question 2

Where can a seller sell their CD certificate?

Accepted Answer

Sellers have to click on the trade button on Vscrap-Vahan portal that will take them to the trading portal digielv.com to sell the CD.

Question 3

What price can a seller set to sell their CD

Accepted Answer

Seller can quote any price from the prevalent minimum price to the maximum price of around Rs.90,000 to sell.

Question 4

For how long does a sell offer remain valid and when does it expire?

Accepted Answer

The sell offer will be active for the defined time period. It will expire once the time period elapses. However, he/she can give an offer again to trade. Currently for user convenience the offer validity is kept 7 days.

Question 5

How to utilize a CD certificate?

Accepted Answer

To Utilize a CD, go to “My Active CDs” and click on the Utilize CD button. Once a CD is utilized, the sale of the same CD cannot be done. To claim the CD benefits user approaches dealer who in turn enters the CD number in vahan portal.

Question 6

How will the dealer know about my Certificate of Deposit while purchasing a new vehicle?

Accepted Answer

Dealers will check through the Vahan portal on the CD certificate that will validate the last purchased CD owner name for utilization.

Question 7

What are the steps to sell a Certificate of Deposit?

Accepted Answer

To sell a CD, 2 steps are required to follow- a. Goto “My Active CDs” and create a sell offer. (Provide bank details to receive money after trade.) b. Goto “My offers for sell”, click on “View Buyers Offer” to check buy offers received and allocate the CD certificate.

Question 8

What are the steps to buy a Certificate of Deposit?

Accepted Answer

To buy a CD certificate, a. Goto “View All Offers”, choose the CD you want to buy and click on Place Buy Offer to create your buy offer. (If no funds are available, go to Add funds/Ledger and add funds.) b.On allocation from the CD seller, you can check the CD in your ‘Active CDs ’ section.

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