Bank of Baroda mega e-auction on November 16 - Participate and other details here

Bank of Baroda Property e-auction: Owning a property in India can come true this festive season. Bank of Baroda (BOB) has informed about a mega e-auction of property on November 16, 2021. Here is how an individual can login to the official website of BOB at bankofbaroda.in.

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Recently, BOB has informed about this mega e-auction from its official Twitter handle. The tweet said, "This festive season, buy a property of your choice. #BankofBaroda presents Mega e-Auction on 16th November 2021, where you can get a property of your choice with ease. Know more bit.ly/3y6R68U."

This festive season, buy a property of your choice. #BankofBaroda presents Mega e-Auction on 16th November 2021, where you can get a property of your choice with ease. Know more https://t.co/ejge3HVBe0 #azadikaamritmahotsav #amritmahotsav pic.twitter.com/kvgLwZsgoo

— Bank of Baroda (@bankofbaroda) November 7, 2021

What are the properties included under e-auction?
The interested customers must note that the mega e-auction under the SARFAESI Act today will consist of the following properties:

1) Houses

2) Flats

3) Office spaces

4) Land/ plots

5) Industrial properties

How to participate?
Now, the BOB customers willing to participate in the e-auction must be wondering how to do so! Well, the Bank of Baroda website suggests the interested customers to visit the eBkray portal of Indian Banks Auctions Mortgaged Properties Information (IBAPI). In order to participate in the e-auction,  an 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.

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

1) Clear title

2) Immediate possession

3) Bank loan on easy terms

What is the IBAPI portal?
It must be noted that 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.

If any interested individuals have any queries related to this, they must login to the official website of Bank of Baroda at bat ankofbaroda.in. They can also login to the official website of IBAPI at ibapi.in.