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BoB Mega e-Auction: Good News! Bank of Baroda is giving cheap house, chance to buy shop

BoB Mega e-Auction: If you also have a plan to buy a cheap house in the festive season, then Bank of Baroda is giving you this special opportunity. The auction of residential, agricultural and commercial properties is being done by Bank of Baroda. You can bid for the property as per your requirement. If these properties are in different states, then you must check the list before bidding in the auction. Mega e-auction will be conducted by Bank of Baroda on 22 October 2021.

BoB tweeted
Bank of Baroda has given information about this on its official Twitter. The bank has written in the tweet that here you have a chance to buy cheap property. Bank of Baroda is going to organize a mega e-auction on 22nd October, in which you can book the property according to your choice. Apart from this, you can also visit this official link https://bit.ly/3y6R68U for more information.

You will get e-auction notice
E-auction notice and e-auction property search will be available on the official website of Bank of Baroda, by clicking on which you can download the PDF and get complete information about the auction. Let us tell you that this bank auction will be done under the SARFAESI Act.

Why do banks auction properties?
Let us tell you that many people take loan from the bank for property, but due to some reason they are unable to repay their loan, then the land or plot of all those people is taken over by the bank. Such properties are auctioned by banks from time to time. In this auction, the bank recovers its dues by selling the property.

Registration will have to be done on the portal for auction-

  • To participate in this auction, you have to first go to the eBkray portal.
  • Here you have to register.
  • After that you have to click on ‘Bidders Registration’.
  • Now you have to enter your mobile number, email id.
  • Now you have to upload all your documents.
  • After this you will have to complete the KYC process.

SBI will also conduct mega e-auction
Apart from Bank of Baroda, the country’s largest public sector bank SBI is also going to do mega auction. State Bank’s mega auction will be held on October 25. So if you are not able to get property in Bank of Baroda auction then you can also participate in SBI auction. State Bank of India has also given information about this on its official Twitter handle.

Read also:

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