Tag: residential properties

The State Bank of India (SBI) will hold an e-auction of the mortgage properties, like residential properties and commercial properties, of defaulters to recover the bank dues. The auction will be held on October 25, 2021.

Details of such properties put up for e-auctions can be accessed through the links provided on the official website. There is also a designated contact person for auction at the branches, whom prospective buyers can approach for any clarification.

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 authorised agency to obtain 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.