Q&As

Depends on the bank to bank.Some banks do registration as per customer convenient dates and some banks do registration as per their convenient date of the banks.Usually registration of property takes 1 month if everything goes fine,but may take longer 1 year or more some times registration of property will...

Some banks ask for digital signature example Syndicate Bank.

Admin comments:From your comments it is understood that new to car auctionPlease find the detailed car auction procedure.1.First download the bank notice PDF file from the website.2. PDF file contains  information of the bank concerned contact number for the car auction ,please call the bank person for the information.3. Bank may...

It is advised not buy the auction property for which the physical copy of sale deed not present at the bank or DRT.Purchased the auction property for which the physical sale deed not present at the bank.Consequences1.You will need to wait long time it may varies from 1 month to...

The date on which the auction property shown physically to the prospective buyers by bank appointed people or company.

 EMD for the particular property as mentioned in the e-Auction notice.(Demand Draft (DD)  or NEFT/RTGS/IMPS Reference number to be submitted with Annexure I and II)KYC Documents - to be submitted to the concerned Branch.(Physical Aadhaar Card,Pan Card and 2 Passport size photos  along with the self attested xerox copies of the...

Reserve Price is the base price for the auction property below which the property will not be sold.It is starting price from which auction begins

The bid increment is the amount by which the current high bid is raised each time someone places a higher bid

Auctions Auto extension gives you the ability to automatically extend the auctions end time by X seconds, if someone bids in the last Y seconds of the auctions duration.Example:unlimited extension of ‘05’minutes i.e., the end time of e-auction will be extended by 05 minutes each time if bid is made within the last...

Earnest Money Deposit is the 10% of the Reserve Price   Example:10 Lakhs property EMD will be 1 Lakh