The Reserve Bank of India (RBI) has asked all banks, non-banking finance companies (NBFCs) and asset reconstruction companies (ARCs) to release all the original movable/immovable property documents and remove charges registered with any registry within a period of 30 days after full repayment/settlement of the loan account.

• These directions are part of the central bank’s responsible lending conduct for regulated entities (REs).
• The borrower shall be given the option of collecting the original movable/immovable property documents either from the banking outlet/branch where the loan account was serviced or any other office of the RE where the documents are available, as per her / his preference.
• The timeline and place of return of original movable/immovable property documents will be mentioned in the loan sanction letters issued on or after the effective date.