Ibapi bank auction

Prospective buyers may use this portal to search and view details of properties and participate in the auction process. Residential Properties. Commercial Properties.

When a person takes a loan from the bank and is unable to repay the loan, then the situation of auction of the mortgaged property arises. The bank has the right to auction the property to recover the loan. Indian Banks Association IBA , an organisation of banks, had started a portal for auctioned properties. Buyers can use this to find, view, and participate in auction of properties. First of all you have to open the portal by typing ibapi. At the top of the portal, you will see information about upcoming auctions. This will tell you how many properties will be auctioned in the next seven and 30 days and the type of property it is like residential, commercial or industrial.

Ibapi bank auction

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Participating Banks.

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Reserve Price Range. Bank Name:. Branch Name:. Reserve Price Rs:. EMD Rs:. EMD Last Date:. Borrower's Name:. Owner's Name:.

Ibapi bank auction

The State Bank of India SBI has also informed via a tweet that the e-auction includes all types of properties, securities and mortgaged assets. New Delhi: Property buyers can look forward to buying property at great prices during the upcoming e-auction of properties by India's largest public sector bank --State Bank of India SBI The State Bank of India SBI has also informed via a tweet that the bank is going to auction different types of property. According to the SBI tweet, the auction will be done on October The bank has informed regarding the same through advertisements in different newspapers as well. The properties offered by SBI e-auction includes all types of properties, securities and mortgaged assets. How to participate for the SBI e-Auction of properties The bid for e-auction as the name suggests will be completely online. If you also want to bid in this digital auction, then for this you have to register first through your mobile number and email ID. After that you will have to upload papers for KYC. Once the verification is complete, online challan will be filled, only after which you will be able to bid online.

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Gm[dot]recovery1[at]ucobank[dot]co[dot]in, Horec[dot]calcutta[at]ucobank[dot]co[dot]in. The hypertext links provided herein are meant only as a convenience and the inclusion of any link does not imply endorsement by of the referenced site. Industrial Properties. Properties over States. IBAPI website is not responsible for the contents of any linked site or any link contained in a linked site. After which you will go to the MSTC website. Bidder has to complete following formalities well in advance :. Residential Properties. Properties available at present. Residential Properties You can even select the bank. If you want, you can also choose the sub-type of residential property.

Prospective buyers may use this portal to search and view details of properties and participate in the auction process. Residential Properties.

On clicking on the property shown in the search property, you will get details about the property owner, location, auction reserve price and earnest money, possession, ownership type along with photos of the property. At the top of the portal, you will see information about upcoming auctions. If you want to see the property of any locality in any district, then you can select the name of the district in the District option and the area in city, town or village. Participating Banks. First of all you have to open the portal by typing ibapi. Download Money9 App for the latest updates on Personal Finance. The bank has the right to auction the property to recover the loan. Properties available at present. Residential Properties Most banks now do e-auction of properties. Agricultural Properties. Prospective buyers may use this portal to search and view details of properties and participate in the auction process. Guidelines for e-Auction Platform.