Bank of Baroda e-auction: Mega e-auction on this date; know where and how to participate, benefits and more

Bank of Baroda Mega e-Auction: If you have a dream of owning a property in India, it can come true now! Bank of Baroda has recently tweeted about a mega property e-auction. Interested individuals can make the most of this e-auction and purchase the property of one's choice with ease.

In a recent tweet from its official Twitter handle, the bank said: " Here’s your chance to buy a property you like! #BankofBaroda presents Mega e-Auction on 22nd October 2021, where you can get a property of your choice with ease. Know more https://bit.ly/3y6R68U."

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One should also note that this auction is held under the SARFAESI Act on October 22, 2021, and will consist of the following properties:

1) Houses

2) Flats

3) Office spaces

4) Land/ plots

5) Industrial properties

Here’s your chance to buy a property you like! #BankofBaroda presents Mega e-Auction on 22nd October 2021, where you can get a property of your choice with ease. Know more https://t.co/ejge3HVBe0 pic.twitter.com/etMlgNyoOI

— Bank of Baroda (@bankofbaroda) October 14, 2021

The key benefits of this e-auction are as follows:

1) Clear title

2) Immediate possession

3) Bank loan on easy terms

The interested individuals can login to the official website of Bank of Baroda at bankofbaroda.in for further details.

The Bank of Baroda websites suggests the interested customers to visit the eBkray portal of Indian Banks Auctions Mortgaged Properties Information (IBAPI).

The IBAPI portal is an initiative of Indian Banks Association (IBA) under the overarching policy of the Department of Financial Services (DFS), Ministry of Finance to provide a common platform to display details of mortgaged properties to be auctioned online by banks, starting with Public Sector Banks.

A user can directly access the portal without registration/login. The potential bidders can select segmented data bank-wise and as per location (states and districts) across banks. The user can search property details state-wise, district-wise and bank-wise.