What is SBI Mega e-auction?
What is SBI Mega e-auction?
Updated: 02 Mar 2021, 10:17 AM IST Edited By Sangeeta Ojha. The properties offered by the SBI e-auction will include all kinds of properties like housing, residential, commercial, industrial, etc. The bank aims to auction mortgaged properties of defaulters in order to recover the dues.
What is mega e-auction?
Our Bank puts up the mortgage properties (like Residential properties / Commercial properties etc.) of defaulters to recover the Bank dues. It also guides the prospective bidders on the pre-requirements for participating in e-auction. …
Are bank auction properties safe to buy?
Are bank auction properties safe to buy? Buying a property that is auctioned by a bank requires significantly greater due diligence. Buyers should note that the bank’s claim on the auctioned property is only limited to the outstanding loan due on the property.
How do I participate in an e auction?
To participate as a Bidder, Registration is a simple process. Go to registration form from Home page. Select “Register as Individual or Company” and fill out all required details. Go through User Agreement & Privacy Policy and click on the ‘Register’ button.
How can I participate in bank e auction?
To participate in the auction, bidder have to click on Track link and have to accept the terms and conditions. Once the auction is started, bidder will get the option “Click Here To Enter Auction” and by clicking on which the webpage will be redirected to Bidding Page.
How do I participate in an e-auction?
What is Bank e-auction property?
Indian Banks Auctions Mortgaged Properties Information (IBAPI) portal is an initiative of Indian Banks Association (IBA) under the overarching policy of the Department of Financial Services (DFS), Ministry of Finance to provide a common platform to display details of mortgaged properties to be auctioned online by Banks …
What kind of properties are in SBI mega auction?
The properties offered by the SBI e-auction will include all kinds of properties like housing, residential, commercial, industrial, etc. “Bid for the best! Here’s your chance to buy cheaper Residential & Commercial Properties, Land, Plant & Machinery, Vehicles and many more.
When is State Bank of India mega auction?
The State Bank of India’s much-awaited Mega e-Auction is slated to be held on December 10th,wherein the firm is inviting bids will be opened for close to 1000 pieces of property from both commercial and residential spaces.
How can I bid on Mega e auction?
Login Id and Password– Will be sent to the email id of the bidders by e-auctioneers after the deposit of EMD and submission of KYC documents to the concerned branch Bidders to login and bid during the auction hours on the date of e-Auction as per auction rules. For more information on properties and bidding , please visit our Partners :
How does SBI work in Bank e auctions?
It also guides the prospective bidders on the pre-requirements for participating in e-auction. We at SBI are very transparent when putting immovable properties, mortgaged with the Bank / attached by Court order to auction, by furnishing all the relevant details that can make it an attractive proposition for bidders to participate in the auctions.