What is Certificate of Deposit (CoD) Under Vehicle Scrappage Policy

The Certificate of Deposit is the formal documentation an RVSF issues confirming a vehicle has been properly scrapped — a central piece of how the policy framework actually functions for vehicle owners.

When a vehicle owner brings an end-of-life vehicle to an RVSF for scrapping, the facility issues a CoD as formal proof of deposit and processing, which the owner can then use for various policy-linked purposes.

This documentation is central to how owners can potentially access scrappage-linked incentives, and it also serves as the formal basis for deregistering the vehicle from active records.

For RVSF operators, correctly and reliably issuing valid CoDs is a core operational responsibility — not just a paperwork afterthought, but a key part of what makes the facility's service valuable to vehicle owners.

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