2 min read.Updated: 21 Dec 2020, 10:30 AM IST Written By Sangeeta Ojha
SBI mega e-auction 2020 will include all kinds of properties like housing, residential, commercial, industrial, etc
All details of the SBI mega e-auction is available on the official website of the SBI — sbi.co.in
State Bank of India (SBI) is all set to conduct an electronic auction (e-auction) for the mortgage properties on December 30. So, if you are planning to buy home at a very lower price from the existing market standards, you have a chance now. The properties offered by the SBI e-auction will include all kinds of properties like housing, residential, commercial, industrial, etc. These properties belong to those bank loan defaulters who failed to repay SBI loans and SBI is trying to get its money back by selling those properties in this mega e-auction. "Looking for properties to invest? ! Register for SBI Mega E-Auction," country's top lender said in a tweet.
"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. 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 mentioned.
Bidder has to complete following formalities well in advance :
Bidder/Purchaser Registration : Bidder to register on e-Auction Platform using his mobile number and email-id.
KYC Verification: Bidder to upload requisite KYC documents. KYC documents shall be verified by e-auction service provider (may take 2 working days).
Transfer of EMD amount to Bidder Global EMD Wallet : Online/off-line transfer of fund using NEFT/Transfer, using challan generated on e-Auction Platform.
Bidding Process and Auction Results: Interested Registered bidders can bid online on e-Auction Platform after completing the above steps