Buy and sell Certificate of Deposit (CD) for vehicle scrapping in India – CarBasket verified CD service with legal transfer and road tax discount benefits.

🔁Can You Buy or Sell CD in India? (Legal Rules)

✔️YES — CD is transferable under India’s Vehicle Scrappage Policy (2021–2025)

A CD is treated like a benefit token, which the owner may:

• Use
• Gift
• Transfer
• Sell

This is legally allowed, as long as:

• CD is unused
• CD is verified
• Proper transfer documentation exists
• Buyer details are recorded

CarBasket ensures the process is 100% safe, transparent, and compliant.

💼Why People Sell Their CD

• They scrapped a vehicle but are not buying a new one
• Fleet owners have extra CDs
• They prefer to convert the CD into cash
• Vehicle was junk, and CD value is high

💰 Why People Buy a CD

• Want road tax discount on new vehicle
• Commercial vehicle buyers save up to ₹1,50,000+
• Car buyers save ₹10,000 to ₹60,000 depending on state
• OEM incentive + CD discount = maximum savings

🛒 How to Buy a CD Legally (Step-by-Step)

• Contact CarBasket
• Share your new vehicle details
• We match you with a verified, unused CD
• Transfer documentation completed
• CD delivered digitally
• Redeem CD at your dealership
• Receive tax concession instantly

💡 Dealers accept CDs across India.

💳 How to Sell Your CD Safely

• Share your CD number for verification
• CarBasket checks authenticity & unused status
• We confirm the best market price
• Complete transfer agreement
• Instant payment via UPI / Bank Transfer

🛡️ Zero fraud guarantee – Verified transfer only.