Cheque release: Very important
1. When all the original documents of the property asked for as mentioned below are submitted
a. Registered Agreement
b. Registration Receipt
c. Index II
e. Demand Letter
f. Own Contribution Receipts [OCR] of the payment made to the Builder.
(The bank also verifies the genuineness of these documents)
The bank will release the cheque only after the applicant has paid all of his own contribution & has provided the original receipts & photocopies of bank clearance for the debit entries for the same.
# Also note that the cheque no., amount & bank details written in the receipts have to match with the photocopies of bank clearance for the debit entries.