Step 1 — Find the auction

Browse live auctions on NPAAUCTION.IN, filtered by bank, state, price and possession type. Every listing links to the original bank notice.

Step 2 — Read the auction notice

Note the reserve price, EMD amount, EMD payment deadline, auction platform, bid increment, and — critically — the possession type.

Step 3 — Run the pre-bid checklist

Use the 25-point checklist. Skip this only if you enjoy losing money.

Step 4 — Register on the e-auction portal

Common portals: eBKray (PSU consortium), MSTC, C1 India, Auction Tiger. Upload KYC, DSC if required, and confirm your bidder ID.

Step 5 — Deposit EMD

Pay 10% of reserve via RTGS to the bank's account. Retain the UTR and share confirmation on the portal.

Step 6 — Bid on auction day

Log in 15 minutes early. Bids are entered in the notified increment. Stick to your pre-decided max — most bidders overshoot in the last 5 minutes.

Step 7 — Pay 25% on the day

If you win, pay 25% of the bid amount (less EMD) by end of day via RTGS. This is non-negotiable.

Step 8 — Pay the remaining 75% in 15 days

Extendable to 90 days at the bank's discretion with penalty. Home loan disbursal, if any, must clear inside this window.

Step 9 — Collect sale certificate

The bank's authorised officer issues the sale certificate on receipt of full payment. Physical possession follows immediately for vacant lots; symbolic-possession lots require the DM order under Section 14.

Step 10 — Register and mutate

Register the sale certificate at the sub-registrar's office, pay stamp duty and registration fee, then apply for mutation in municipal records. You now own it.