If you want to buy a house or shop cheaply, then Punjab National Bank (PNB) can help you. PNB is going to auction the mortgaged property to take back the debt. The bank is going to auction house, shop and commercial properties on 15 March 2021. It has 6,350 residential, 1,691 commercial and 922 industrial and 14 agricultural properties. These are the properties that have come on the list of defaults. PNB has given information about this auction by tweeting.
In your tweet in PNB, you will not want to miss it! Seize the opportunity before it slips out of hand. Buy residential and commercial properties cheaply through PNB E-Auction being held on March 15, 2021.
You won’t want to miss this!😁
Grab the opportunity before it slips away. Get reasonable prices of residential and commercial property through PNB e-Auction being held on 15th March 2021.
To know more, visit e-Bikray Portal: https://t.co/N1l10s1hyq pic.twitter.com/Jkw8mXiWta
— Punjab National Bank (@pnbindia) March 14, 2021
More information about the property PNB is going to auction can be obtained from ibapi.in. If you want to buy property through e-auction, you can go to the bank and get information about the auction and the property going to be auctioned.
This is how you can participate in the auction
You can apply online to participate in this auction. All documents will have to be submitted for full details of KYC at the branch.
To participate in the e-auction, the participant has to submit an earnest money deposit ie EMD. A digital signature will be necessary. If you want to participate in the auction, you can take your digital signature by going to e-auctioners or a recognized agency.
After submitting the EMD and KYC documents at the branch, the login ID and password will be sent to the email ID of the bidders from the e-auctioners, through which one can participate in the auction.