Bank Auction Checklist
Before you bid: verify these critical items to reduce risk and make an informed decision.
Read the Sale Notice completely
Reserve price, EMD amount, inspection date, auction date/time, and all terms.
KYC & bidder registration
Ensure your documents and portal registration are approved before the deadline.
EMD payment and refund rules
Confirm EMD payment method, timing, and refund process if you don’t win.
Title and ownership verification
Verify title documents, chain of ownership, and any title risks.
Encumbrance / litigation check
Check for any disputes, claims, court matters, or attachments if applicable.
Outstanding dues (society/utility/tax)
Confirm pending society dues, property tax, electricity/water dues etc.
Visit the property (inspection)
Check condition, access, location, approach road, and surroundings.
Occupancy status
Understand if property is vacant/occupied and what possession is offered.
Possession type (physical vs symbolic)
Clarity on possession is critical; timeline may vary case-to-case.
Start exploring current bank auction listings on AME.