Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.5
Auction ID:610868
Bank Name:Bank of India
Branch Name:Zonal Office
Reserve Price:₹70,000
EMD:₹7,000
Bid Increment:₹2,500
Auction Time:11:00 AM to 5.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:24-11-2025 05:00 PM
Bid Start Date:2025-11-25
Property Description
This is a bank auction for a vehicle located in Indore, Madhya Pradesh, India. The auction is being conducted by the Bank of India under the SARFAESI Act. The specific vehicle is part of asset category "Vehicle Auctions" and was previously owned by Ms Pooja Yadav. This presents an opportunity to acquire a vehicle through a public auction process.
State:Madhya Pradesh
City:Indore
Area:Indore
Asset Category:Vehicle Auctions
Full Address:Indore, Indore, Madhya Pradesh, Indore, Indore
Auction Description
The Bank of India is holding a SARFAESI auction for a vehicle in Indore, Madhya Pradesh. The auction will commence on November 25, 2025, at 11:00 AM and conclude at 5:00 PM on the same day. The reserve price for this vehicle auction is ₹70,000.00, with an Earnest Money Deposit (EMD) of ₹7,000.00 required to participate. Interested bidders should review all auction terms and conditions before placing their bids.
Borrower Name:Ms Pooja Yadav
Auction Type:SARFAESI Auction
Legal Details
Possession Status:As Is Where Is Basis
Encumbrance Details:Not Known to Bank
Why This Property
The E-Rickshaw presents a specific use-case asset, suited for a niche market within Indore. The relatively low reserve price and EMD make it accessible, but the 'as is where is' condition necessitates thorough inspection. This auction represents a calculated opportunity for those familiar with the E-Rickshaw market.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Authorized Officer
Contact no: —
