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What is CERSAI?

Learn all you need to know about CERSAI with our handy guide.

Check your pre-approved home loan offer in just few clicks

What is CERSAI?

CERSAI, which stands for the Central Registry of Securitisation Asset Reconstruction and Security Interest of India, is a crucial institution in the Indian financial landscape. As an online platform, CERSAI facilitates the CERSAI search process by allowing users to register and track security interests in both movable and immovable properties. It plays a pivotal role in the regulation and maintenance of security interests, particularly those tied to loans, mortgages, and securitisation transactions.

Through CERSAI, financial institutions, lenders, and borrowers can efficiently create, modify, and enforce security interests, ensuring transparency and streamlined operations. Understanding the CERSAI full form and its functionality is essential for anyone involved in the financial sector.

Know more:

See

What is Base Rate?

Key functions of CERSAI

CERSAI serves several vital functions in the financial landscape of India:

  1. Registration of security interests: It allows banks and financial institutions to register security interests in movable and immovable properties. This registration is essential for creating a legal charge against these assets.
  2. Search and verification: CERSAI provides a search function to verify the status of properties against which security interests have been created. This helps in due diligence during lending and other financial transactions.
  3. Securitisation and reconstruction: CERSAI plays a crucial role in securitisation and asset reconstruction by enabling the registration of securitisation and reconstruction transactions.
  4. Storage of information: The platform acts as a repository of information related to security interests, making it easier for various stakeholders to access and verify such data.


How to register and log in on the CERSAI portal

To make the most of CERSAI's services, you need to register and log in to the CERSAI portal. Here is a simplified guide on how to do it:


Registration:

  1. Visit the CERSAI website (https://www.cersai.org.in/).
  2. Click on the ‘Sign Up’ or ‘Register’ option.
  3. Fill in the required details, including your name, contact information, and organisation details.
  4. Follow the registration process and verify your email or mobile number.


Login:

  1. Go to the CERSAI website.
  2. Click on the ‘Login’ or ‘Sign In’ option.
  3. Enter your registered username and password.
  4. You are now logged in and can access CERSAI's various services and functions.

How to apply for entity registration on CERSAI

Here are the steps involved for entities seeking CERSAI registration:

  1. Obtain PAN number: The first step is securing a Permanent Account Number (PAN) from the Income Tax Department, serving as a unique identifier for taxpayers.
  2. Confirm eligibility: Entities must meet the RBI's eligibility criteria, which include being a financial institution, bank, or NBFC, holding a valid PAN, and satisfying capital adequacy requirements.
  3. Gather necessary documents: Entities should collect key documents like:
    • Certificate of incorporation
    • Memorandum and Articles of association
    • Address and identity proof for directors and shareholders
    • Audited financial statements
  4. Complete application form: Once documents are ready, fill out the CERSAI registration form available on the official website.
  5. Pay registration fees: Entities must pay the applicable registration fees, varying by entity type and registered security.
  6. Submit application: After payment, submit the application along with documents and receive an acknowledgment receipt.
  7. Await approval: Once submitted, wait for CERSAI’s approval. Upon approval, entities can log in and access the platform's services.

Importance and objectives of CERSAI portal

CERSAI has been established to fulfil several objectives, including:

  • Create uniformity: It aims to create uniformity and consistency in the registration of security interests, ensuring clarity in legal charges.
  • Improve transparency: CERSAI enhances transparency in financial transactions by providing access to real-time data.
  • Reduce fraud: By maintaining a central registry, CERSAI helps reduce fraudulent activities and protect the interests of lenders and borrowers.
  • Streamline legal processes: It streamlines legal processes related to security interests, making it easier to enforce them.
  • Support the financial sector: CERSAI supports the Indian financial sector by providing a reliable mechanism for securitisation and asset reconstruction transactions.

CERSAI is a pivotal entity in the Indian financial sector, providing a streamlined and transparent way to manage security interests and legal charges. By understanding its functions, registering, and logging in to the portal, and exploring its services, you can navigate the financial landscape with greater confidence and security.

What are the CERSAI registration charges?

Type of transaction

Description

Fees (excluding tax)

CERSAI search

Search for registered security interests and related information in CERSAI.

Rs. 10

Creation or modification of security interest

Fees for creating a new security interest or modifying an existing one.

Rs. 50 (for loans up to Rs. 5 lakh)

Rs. 100 (for loans above Rs. 5 lakh)

Reconstruction or securitisation of financial assets

Fees applicable for reconstructing or securitising financial assets.

Rs. 500

Satisfaction of securitisation or reconstruction of financial assets

Fees for confirming the satisfaction of a securitisation or reconstruction.

Rs. 50

Assignment of receivables

Fees for assigning receivables, based on the total amount assigned.

Rs. 10 (for assignments of less than Rs. 5 lakh)

Rs. 100 (for assignments of Rs. 5 lakh and above)


Please note that these charges may change over time and can vary depending on the specifics of the transaction. It's advisable to consult the CERSAI website or contact them directly for the latest pricing details.


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Relevant pages for CERSAI and Land Records

Bihar Bhumi

CERSAI Guide

Bhoomi Karnataka

About 7/12 & 8A Gujarat

Land Records

About 7/12 Extract Maharashtra

Digital 7/12

About 7/12 Karnataka

7/12 Extract Pune

Dharitri Assam Land Records

Punjab Land Records

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Rajasthan Housing Board Guide

Bhulekh Odisha

Urban Housing

Bhulekh Uttarakhand

Your Home Loan Requirement

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1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (BAJAJ FINANCE) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same. 

Frequently asked questions

How do I login to see CERSAI details?

To access your CERSAI details, visit the CERSAI login page and enter your credentials. This will allow you to view registered security interests.

Why is CERSAI important when buying property?

CERSAI plays a crucial role when buying property by helping verify that there are no existing claims or encumbrances on the property.

What is the purpose of CERSAI?

The purpose of CERSAI is to maintain a central registry of security interests, ensuring transparency and preventing fraud in financial transactions involving property and loans.

What is CERSAI 2.0?

CERSAI 2.0 is an enhanced version of the original CERSAI platform, offering improved features for better tracking and registration of security interests in both movable and immovable properties.

Is CERSAI registration mandatory?

Yes, CERSAI registration is mandatory for financial institutions to register security interests in properties, ensuring transparency and protecting the rights of lenders and borrowers.

How does the CERSAI portal help homebuyers?

The CERSAI portal assists homebuyers by verifying that properties are free from prior claims, helping secure a home loan without the risk of hidden liabilities.

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