SBI to hold a Mega E-Auction for mortgage properties on December 30, 2020
The State bank of India is going to organize a Mega E-Auction for mortgage properties on December 30, 2020. Now if you are planning to buy the best property, then you can register on the SBI Mega E-Auction plan.
According to the SBI, you can buy the mortgage properties (like Residential properties / Commercial properties, etc.) of defaulters to recover the Bank dues. For this purpose respective Branches of SBI publish the Advertisement in the leading newspapers (English and Vernacular). The Advertisements are also published on Social Media (like Twitter, Facebook, Instagram, etc.).
“SBI is 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. We also incorporate all relevant details and state whether the same is freehold or leasehold, give its measurement, location, etc., including other relevant details in the public notices issued for auctioning.” the bank said in a statement.
The details of such properties put up for e-auctions may be accessed through the links provided in the advertisement. There is a designated contact person also for auction at the Branches whom prospective Buyers may approach for any clarification regarding the auction process and the property he /she is interested in and may inspect the properties of their interest.
Requirements for participating in e-Auction:
- EMD for the particular property as mentioned in the e-Auction notice.
- KYC Documents – to be submitted to the concerned Branch.
- Valid Digital Signature – Bidders may approach e-auctioneers or any other authorized agency to obtain a digital signature.
- 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.
To know more details you can click on SBI Mega E-Auction.
