Did you get your car refund? What if you’ve been driving a car for more than 5 years? Find the dormant ‘Unrefunded Bonds’.
It is said that 239.1 billion won of unrefunded regional development bonds and urban railway bonds that residents have not visited will be repaid at once. However, you can find it after 5 years after buying bonds, but the majority of them completely forget that they own bonds, and because of the hassle of having to visit financial institutions in person, as of the end of October 2021, unrefunded bonds are said to be worth 239.1 billion won. In addition, from the date of redemption, which is 5 years after purchase, the principal amount is 10 years and the interest is 5 years after the statute of limitations, and the rights disappear, reaching 2 billion won per year. 자동차 환급금
Health insurance premium refund 좋은뉴스
What is a car refund? (Refund of bonds purchased at the time of vehicle registration)
As for the car refund, when we purchase a car and register it with the local government, we are obliged to purchase something called ‘regional development bond’. These regional development bonds are issued by local governments to promote the welfare of local residents and to finance regional development projects.
Nonghyup car refund
Bank handling automobile regional development bonds
The Department of Public Administration and Security has improved procedures and systems to make it easier for residents to get their bonds refunded. From the 2nd of this month, instead of visiting in person, you can also receive bond refunds through the website or bank application of a financial institution.
Each local government is promoting a plan to automatically deposit new purchased bonds into a pre-designated account when maturity arrives and provide individual guidance.
(You can go into the bank application and look up your car refund)
Car Refund Lookup
Some local governments have already amended related regulations such as ordinances, and some places have such a system in place, and others are promoting revisions in this direction.
Regional development bonds are issued in 16 metropolitan cities and provinces excluding Seoul, and the statute of limitations is 10 years for lump-sum repayment with a maturity of 5 years. Urban railway bonds are issued by Seoul, Busan and Daegu, and the statute of limitations is 5 years for lump-sum redemption with a maturity of 7 years.
For example, if the car is less than 2,000㏄, it is compulsory to purchase bonds of 4~12% of the vehicle value (4% in Daejeon, 8% in Gangwon, 12% in Seoul).
How to inquire and apply for unreimbursed bonds online
Car refund application
1. Log-in: Sign-in with a joint certificate from a financial institution or member authentication
2. Refund inquiry after entering resident registration number
Unrefunded bond inquiry: social security number
3. Choose the refund you would like to apply for
① 500,000 won of regional development bonds purchased in 2010
② 200,000 won of regional development bonds purchased in 2014
4. Apply after checking refund information
① Click and apply for deposit to 00 Bank 123-4506-789 account
② Click and apply for deposit to 00 Bank 123-4506-789 account