SBI is selling 12315 houses, shops and plots cheaply, you can also bid on October 25
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SBI Mega E-Auction: If you are also planning to buy a house, shop or plot cheaply, then this is good news for you. The country’s largest public sector bank is giving you this opportunity. SBI (State Bank of India) is going to organize a mega e-auction on October 25, in which you can get property at lower rates than the market, the special thing is that anyone can participate in the auction process. SBI has given information about this by tweeting. In this auction, all types of properties including residential, commercial, industrial and agriculture will be auctioned by the bank. You can bid for any property as per your requirement.
SBI tweeted
State Bank of India has given information about the mega e-auction by tweeting on its official Twitter. The bank has written in the tweet that bid for your house! Join us during the e-auction and place your best bid. Apart from this, you can also visit the official link https://bank.sbi/web/sbi-in-the-news/auction-notices/bank-e-auctions for more information about this auction.
12315 house auction
According to IBAPI, the bank will auction 12315 residential properties in this auction. Apart from this, 2749 commercial properties, 1415 industrial properties, 100 agricultural properties are being auctioned.
How to participate in e-auction-
- If you want to participate in this bidding, then you will have to register on the e-Auction portal through your mobile number and email-id.
- After this all the necessary documents have to be uploaded.
- The KYC document will be verified by the E-Auction Service Provider.
- The person participating in the auction must have a digital signature.
- After this, you will have to show the KYC documents in the respective bank branch.
- The bidders will have to login and place the bidding during the auction hours on the date of e-auction as per the rules of the auction.
Where can I login
Let us tell you that the bidders can login through this link https://www.mstcecommerce.com/auctionhome/ibapi/index.jsp on the day of auction. In this you have to enter your e-mail id and password. After that login by filling the captcha.
What type of property is auctioned
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.
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