The Certificate of Deposit is a document issued by authorized scrap dealers in compliance with the Ministry of Road, Transport & Highways. This certificate signifies that your old vehicle has been properly scrapped and recycled according to environmental standards.
This COD can be used to get up to 25% discount on RTO fees (only one time) & it’s also transferable to another person.
By obtaining a Certificate of Deposit, you are eligible to receive up to 25% discount on RTO & registration fee while purchasing a new car.
This COD is transferable, which means if the original COD owner isn’t planning to buy a new car, he can sell his COD at a price.
At Oxygenauto.in, we help arrange CODs from such COD owners, our fee is equivalent to 50% of the discount availed in RTO fees.
Once you share the car booking amount receipt from the Dealership, we arrange a COD for you, the Name on COD has to match with your Pancard and Aadhaar.
The COD transferred to you contains a code which acts as a Coupon code on Vahan portal when the dealership logins to pay the RTO fees online, this discount is auto calculated there itself.
Our team also guides you and the dealership on how to utilize the certificate on Vahan portal for your tax savings.