Bank of Baroda is going to auction the property cheaply, this auction will be held on 24 March 2022. If you also want to buy property cheaply, then you can participate in this e-auction of Bank of Baroda. Let us tell you that banks often issue the date of such e-auction. In which the bank recovers your money by selling the property of the customer who does not repay the loan. Let’s know about the e-auction of Bank of Baroda ….
Information about e-auction given by tweeting – Bank of Baroda has given information about the mega e-auction by posting it on its Twitter handle. Through this e-auction, any customer can buy a property at an affordable price.
How to participate in Mega E-Auction – To participate in the e-auction of Bank of Baroda, you have to visit the eBkray portal. Let us tell you that all the government and private banks of the country auction the mortgaged property on this portal. To participate in the e-auction on this portal, the customer can directly access the portal without registration and login. Apart from this, by selecting the bank, state and district on the portal, you can buy the property of your choice in the e-auction by bidding.
Know about IBAPI Portal – All the banks in the country have prepared a common platform for the sale of property. Which is called IBAPI Portal. Through this portal, customers participate in e-auctions conducted by public sector banks.
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Auction will be done under SARFAESI Act – Bank of Baroda tweeted that this mega e-auction is being done under SARFAESI Act. In this, house, flat, office space, industrial property, land, plot will be put up for auction. Under this auction, those properties which are mortgaged with the bank, and due to some reasons the owners are not able to repay the loan. In such a situation, the bank recovers its dues by auctioning these properties.