SBI Mega e-Auction 2020: The State Bank of India (SBI) is going to provide a big opportunity on 30th September 2020 i.e. today to buy home, plot or shop at a very lower price from the existing market standards. The largest Indian commercial bank has tweeted from its official twitter handle that it is going to conduct SBI Mega e-auction on 30th September 2020. In this SBI e-auction 2020, more than 1,000 properties that include housing or residential property, plots and shops. The properties offered by the SBI e-auction will include all kinds of properties like housing, residential, commercial, industrial, etc. These properties belong to those bank loan defaulters who failed to repay SBI loans and SBI is trying to get its money back by selling those properties in this mega e-auction.

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All details of the SBI Mega e-auction is available on the official website of the SBI — sbi.co.in. One can bid online or by going to the nearest SBI branch.

See Zee Business Live TV streaming below:

Requirement for participating in the SBI Mega e-Auction 2020

As per the official website of SBI — sbi.co.in, here is the detail requirement to participate in the mega e-auction:

1] EMD for the particular property as mentioned in the e-Auction notice;
2] KYC Documents - to be submitted to the concerned Branch;
3] Valid Digital Signature -Bidders may approach e-auctioneers or any other authorised agency to obtain digital signature;
4] Login Id and Password– Will be sent to the email id of the bidders by e-auctioneers after the deposit of EMD and submission of KYC documents to the concerned branch; and
5] Bidders to login and bid during the auction hours on the date of e-Auction as per auction rules.

Important links to find SBI Mega e-Auction 2020 details

The SBI has mentioned on its website about the terms and conditions including transparency in regard to the mega e-auction of the property. The SBI says, "The details of such properties put up for e-auctions may be accessed through the links provided in the advertisement. There is a designated contact person also for auction at the Branches whom prospective Buyers may approach to for any clarification regarding the auction process and the property he /she is interested in and may inspect the properties of their interest."

See SBI tweet below:

Her is the list of important links that has full details of the mega e-auction:

1] bankeauctions.com/Sbi;
2] sbi.auctiontiger.net/EPROC/;
3] ibapi.in; and
4] mstcecommerce.com/auctionhome/ibapi/index.jsp.