BOB Mega E Auction Today: No BROKERAGE, no MIDDLEMEN, BUY properties of your choice at BOB mega e-auction TODAY - Check HOW to PARTICIPATE, BENEFITS and more

BOB Mega E Auction Today: The Bank of Baroda (BOB) provides a unique opportunity to its customers to buy properties of their own choice without any brokerage or middlemen. How? Mega e-auction, today, August 18, 2021, is the solution! The interested customers can login to the official website of Bank of Baroda at bankofbaroda.in for further details.

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Bank of Baroda mega e-auction

The Bank of Baroda has recently tweeted about this unique opportunity from its official Twitter handle. The tweet said, "#BankofBaroda brings to you this life-changing opportunity to buy a property of your choice. With no brokerage/middlemen charges, enjoy absolute transparency with this Mega e-auction. Know more bit.ly/3y6R68U."

#BankofBaroda brings to you this life-changing opportunity to buy a property of your choice. With no brokerage/middlemen charges, enjoy absolute transparency with this Mega e-auction. Know more https://t.co/ejge3HVBe0 pic.twitter.com/KTpTyNuKSj

— Bank of Baroda (@bankofbaroda) August 17, 2021

Properties for sale

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?

In an earlier tweet, Bank of Baroda said, "Your dream of owning a property anywhere in India is just a few days away. Make the most of #BankofBaroda Mega e-Auction and purchase the property of your choice with ease."

Your dream of owning a property anywhere in India is just a few days away. Make the most of #BankofBaroda Mega e-Auction and purchase the property of your choice with ease. Know more https://t.co/ejge3HE0ms pic.twitter.com/G0XgrsJmcl

— Bank of Baroda (@bankofbaroda) August 10, 2021

The Bank of Baroda website suggests the interested customers to visit the eBkray portal of Indian Banks Auctions Mortgaged Properties Information (IBAPI). To participate in the e-auction,  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.

What is IBAPI?

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.

What are the benefits of this mega e-auction?

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

1) Clear title

2) Immediate possession

3) Bank loan on easy terms

In case of any query, the Bank of Baroda customers 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.