Anyone can take part in the bank’s auction procedure. If you want to acquire a cheap house or shop, you should first register online.
2022 PNB Property Auction: If you’re looking to buy a prime piece of real estate in the new year, this information will come in handy. The government sector The Punjab National Bank (PNB) is once again offering a chance to purchase a home at a reasonable price. The bank is holding a Mega E-Auction (PNB E-Auction) across the country.
Information obtained through a Twitter account
The e-auction organised by PNB is open to anyone. On the 31st of January 2022, you can bid in the e-auction. Residential and commercial properties are among the items that Punjab National Bank will auction. The bank provided information on this via its official Twitter account.
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The bank auctions the property on a regular basis. PNB or other banks in the country auction the property on a regular basis. Properties that have been added to the bank’s list of non-performing assets (NPAs) are sold at an e-auction on behalf of the bank. That is properties on which the owners did not pay the bank’s dues after taking out a loan. The bank auctions the land of such people who are in its hands.
How do I take part in an e-auction?
You must first register on the e-sale portal https://ibapi.in/ if you wish to bid in PNB’s big e-auction. When you go to the registration portal, choose the option for bidders registration on the first page. You can register with your phone number or email address.
