PNB tremendous mega e-auction for properties at the moment: Here’s what you’ll want to know

Punjab National Bank (PNB) is conducting an digital public sale (e-auction) for mortgage properties on 3 August 2023. The properties provided by the PNB e-auction will embody every kind of properties like housing, residential, industrial, industrial, and many others.

Under PNB mega e-auction, you’ve got an opportunity to bid and win a house at a cheaper price than the present market price.

“Don’t miss the mega alternative to get the property of your alternative. To take part please go to: https://ibapi.in,” PNB tweeted.

Punjab National Bank goes to public sale 952 residential properties ,361 industrial properties, and 83 industrial properties throughout the subsequent seven days. People will get an opportunity to purchase property at a really low value. This public sale is being held at the moment, though one other public sale might be held on August 22.

Within the following 30 days, there might be 2662 residential properties, 673 industrial, and 235 industrial properties up for grabs, as per PNB’s web site at www.ibapi.in.

Indian Banks Auctions Mortgaged Properties Information (IBAPI) portal is an initiative of the Indian Banks Association (IBA) beneath the overarching coverage of the Department of Financial Services (DFS), Ministry of Finance to offer a typical platform to show particulars of mortgaged properties to be auctioned on-line by Banks, beginning with Public Sector Banks.

PNB mega e-auction for properties: KYC paperwork required for registering as a person

-PAN Card or Form 16

-Address Proof (legitimate set of deal with proof together with Voter Identity card, Driving License, Job Card issued by MNREGA duly signed by an officer of state authorities, and Letter issued by the National inhabitants register)

Bidder has to finish the next formalities properly prematurely

1) Bidder to register on the e-Auction Platform utilizing his cellular quantity and email-id

2)Bidder to add requisite KYC paperwork. KYC paperwork shall be verified by the e-auction service supplier (might take 2 working days).

3) Online/offline switch of funds utilizing NEFT/Transfer, utilizing challan generated on e-Auction Platform.

4)Interested Registered bidders can bid on-line on the e-Auction Platform after finishing the above-mentioned steps.

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Updated: 03 Aug 2023, 12:59 PM IST

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