When renting a vehicle in India, it’s common for rental companies to require a refundable security deposit. This deposit serves as a safeguard against potential damages, fines, or additional charges incurred during the rental period.
Security Deposit Requirements:
• Car Rentals: Most car rental companies in India mandate a security deposit. The amount varies based on factors such as the vehicle type, rental duration, and the company’s policies. For instance, Selfdrive.in requires a refundable security deposit for all rentals, which is refunded within 30 working days after the car is returned. 
• Bike Rentals: Security deposit policies for bike rentals differ among providers. Some companies, like ONN Bikes, offer rentals with zero deposit options, while others may require a refundable deposit. 
Payment Methods:
• Deposits are typically paid via credit or debit cards. Some companies may accept cash deposits, but this varies by provider.
Refund Process:
• Upon returning the vehicle in good condition, the security deposit is refunded. The refund timeline can vary; for example, Myles Car Rental initiates the refund within 1-2 days, but it might take 14-15 days to reflect in your account, depending on your bank. 
Recommendations:
• Review Terms: Carefully read the rental agreement to understand the security deposit amount, payment method, and refund process.
• Vehicle Inspection: Inspect the vehicle thoroughly before and after the rental period to avoid disputes over damages.
• Clarify Doubts: If you have any questions regarding the security deposit, don’t hesitate to ask the rental company for clarification.
By understanding the security deposit requirements and processes, you can ensure a smooth and transparent rental experience in India.