Punjab National Bank Car Auction in Phagwara, Kapurthala

The property on offer is a 2019 Hyundai i10 Magna+ VTVT car, a popular choice for its fuel efficiency and urban maneuverability. Finished in a classic Polar White, this vehicle boasts a petrol engine and was manufactured in September 2019. It was registered on February 8, 2020, under registration number PB36J2220. Located in Phagwara, within the Kapurthala district of Punjab, this car represents a practical acquisition for daily commuting or as a reliable second vehicle. The car is being auctioned due to hypothecation by Punjab National Bank. This is an excellent opportunity for first-time buyers or those seeking a dependable used car, offering the security and potential value often associated with bank-conducted auctions. Its location in Phagwara ensures accessibility and potential for future service and parts availability within the region.

This Punjab National Bank SARFAESI auction presents a unique opportunity to acquire a well-maintained 2019 Hyundai i10 Magna+ VTVT car. The vehicle, in a striking Polar White color, was first registered on February 8, 2020, and is being auctioned by BAANKNET on behalf of Punjab National Bank. The auction process is straightforward, with a reserve price set at INR 416,000 and an Earnest Money Deposit (EMD) of INR 41,600 required to participate. Bidders must ensure their applications are submitted by 5:00 PM on July 30, 2025. The auction will be conducted online on July 31, 2025, running from 11:00 AM to 4:00 PM. This is an excellent chance for new buyers to enter the property market by securing a reliable vehicle at potentially competitive prices, directly from the bank. All necessary details and participation guidelines can be found on the provided URL. Interested parties are encouraged to review all terms and conditions before bidding.