SBI mega auction: Want to buy a house, but present real estate valuation is proving to be a deterrent to accomplish your dream? Are you looking for second hand property at good price but unable to find it? Worry not! State Bank of India has got you covered. This latest offer from India's largest lender is exactly what you are looking for. Yes, SBI Mega e-auction offers a chance to buy cheaper properties.

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SBI is offering you chance to buy cheaper Residential and Commercial Properties. Not just that land, Plant and Machinery, Vehicles and many other options are available for bidding purposes in this SBI mega e-auction that will be held on March 5.

Informing about SBI mega e-auction, State Bank of India tweeted, " Bid for the best! Here’s your chance to buy cheaper Residential & Commercial Properties, Land, Plant & Machinery, Vehicles and many more. Attend SBI Mega E-Auction and place your best bid."

SBI Mega e-auction
Through this e-auction, SBI puts up the mortgage properties (like Residential properties / Commercial properties etc.) of defaulters to recover the Bank dues. For this purpose respective Branches of SBI publishes the Advertisement in the leading newspapers (English and Vernacular). The Advertisements are also published in Social Media (like Twitter, Facebook, Instagram etc.) This advertisement contains the details of web sites where the prospective bidders can access the particulars of locations of the properties with full details. It also guides the prospective bidders on the pre-requirements for participating in e-auction.

Requirements for participating in SBI e-Auction
*EMD for the particular property as mentioned in the e-Auction notice.
*KYC Documents - to be submitted to the concerned Branch.
*Valid Digital Signature -Bidders may approach e-auctioneers or any other authorised agency to obtain digital signature.
*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
*Bidders to login and bid during the auction hours on the date of e-Auction as per auction rules.