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On December 8, getting a house cheaply, a chance to buy land, this government bank is auctioning

Mega e-Auction: Let us tell you that banks auction those properties, people who have taken loans from banks for a long time. And due to some reason either those people are unable to repay the loan. Or there is a deliberate refusal to repay the loan.

From office space to apartment, everything at the same time.

If you are planning to buy a house and shop cheaply, then the public sector Bank of Baroda has brought a better offer for you. Bank of Baroda is conducting Mega e-Auction on 8th December, 2021. Under this, you can bid according to your needs and requirements. Let us tell you that, under this mega e-auction, you will be able to buy many types of properties from home to shops directly from the bank at the right prices. But before bidding, it is very important that you check the list once as these properties are in different states.

BOB has given information about the mega e-auction through its official Twitter handle. The tweet says that from office space to apartment, everything at the same time. #BankofBaroda presents Mega E-Auction on 8th December 2021. Your dream place is now just a click away. Know a little more ly/3y6R68U.

Apart from the link, you will be shown two options of e-auction notice and e-auction property search on the official website of Bank of Baroda. You will also get information related to the auction by going to those options. Explain that this mega e-auction will be done under the SARFAESI Act.

Indian Banks Auction Property Information (IBAPI) Portal is an initiative of Indian Banks’ Association (IBA) under the policy of Department of Financial Services (DFS) Ministry of Finance to provide a common platform for display of properties to be auctioned by the Bank. It is being started with public sector banks. Buyers can use this portal to know the details of properties and participate in the auction.

Property Auction

Explain that banks auction those properties, people who have taken loans from the bank for a long time. And due to some reason either those people are unable to repay the loan. Or there is a deliberate refusal to repay the loan. The land or plot of such people is taken over by the bank. After a time, the bank auctions such a property. And recover their money from the auctioned property.

Actually, to participate in the auction, one has to first register by visiting the eBKray portal. Next, click on the bidders registration and enter the phone number, email address and ID. After this, upload all your documents and complete the process of KYC.

Also read- 80 paise share made investors rich, 1 lakh became 65 lakh rupees in a year

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