Change in Bank Account under RERA
Under the Real Estate (Regulation and Development) Act, 2016, every registered project must maintain a separate RERA-designated bank account for the deposit and utilization of 70% of project funds.
If you need to change or update your bank account details, it must be done officially through the RERA portal with proper documentation and justification. At RERA Filing, we help builders and developers complete this process quickly and correctly, ensuring compliance with RERA norms and avoiding delays or rejections.
Our Bank Account Change Services Include
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Documentation & Verification
- Review of old and new bank account details
- Verification of project registration and promoter details
- Preparation of supporting documents and declarations
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Preparation & Submission
- Drafting of application letter to the respective RERA Authority
- Uploading required documents on the RERA portal
- Submission of bank confirmation, affidavit, and promoter declaration
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Follow-Up & Approval
- Coordination with RERA officials for approval status
- Assistance in responding to any clarification or objection raised
- Issuance of updated registration certificate (if applicable)
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