Thanks for the explanation. (especially pic uploaded by Ravi helped a lot)
Following your tips I just examined my bike's disc pads condition. Rear one seems to be in good condition. I could see decent amount of material still left below the indicator lines.
But regarding the front ones, i didn't see any indicator lines. Where are they exactly located? (Pics are most welcomed here). Also there seems to be uneven wear. The inside pad was looking very thin compared to the outside pad.



I dont know how much that will effect anything, but the front brake is quite spongy.
Now its high time to get them replaced. Also will get the complete brake oil changed with dot4.

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