FAQS

Frequently Asked Question

Explore our frequently asked questions to find answers to common queries, ensuring a seamless experience tailored to your needs

On PanAuction , users can search for a property by the city it is located in or by the category - Commercial/Residential/Vehicles or even by the bank auctioning it. Enter your query in the Search Box provided on the home page or if you wish to access a specific auction then, you could do an Advance Search. The Advance Search allows you to search by either selecting a date range or by entering the minimum or maximum price and the Borrower or Company name.
It is the auctioning Bank’s notice containing all relevant auction details.
Earnest Money Deposit or EMD is the deposit money required to be paid in advance for participating in bank auctions. The amount is usually 10% of the Reserve Price.
Reserve Price is the minimum price assigned by the bank for a given property to be auctioned.
Pan Card, Annexure 3/Declaration Form, Annexure 2/Details of Bidder and Proof of Address are required to be submitted.
E-auction websites are authorised third party auction websites that manage auctions on a bank’s behalf.
No, once you submit a bid you cannot cancel it.
After successfully submitting the required documents and paying the Earnest Money Deposit (EMD) amount, make a note of the auction date provided on the e-auction site. Then, on the given date visit the site and place your bid starting at the Reserve Price. You can raise your bids incrementally based on the specified ‘Bid Increment Value’ as many times as you chose.
You can participate in a bank auction in 3 simple steps:1. On Pan Auction  Narrow down on the property of your choice and proceed to the e-auction website by clicking on the link provided on the page and register.2. After registration on the e-auction site, submit the relevant documents mentioned and pay the Earnest Money Deposit (EMD) amount to the bank. The payment needs to be made prior to the date of registration for the EMD to participate in the auction.3. Bid on the property on the date of its auction.
On PanAuction , users can search for a property by the city it is located in or by the category - Commercial/Residential/Vehicles or even by the bank auctioning it. Enter your query in the Search Box provided on the home page or if you wish to access a specific auction then, you could do an Advance Search. The Advance Search allows you to search by either selecting a date range or by entering the minimum or maximum price and the Borrower or Company name.
On the listings page you can either subscribe to receive updates via email or click on the push notification to receive instant notifications on any new updates.
Go to the website where the product plans are offered.Review the available plans and choose the one that best suits your needs. Consider factors such as features included, pricing, and any limitations or restrictions.After reviewing the details and terms, confirm your subscription by clicking on the appropriate button, such as "Subscribe"
The Favorite Listing feature is particularly useful for users who frequently browse through a large number of listings or items, as it allows them to quickly identify and organize their preferred selections. It enhances user experience by providing a convenient way to curate and manage content according to individual preferences
Go to our website.Look for the "Login" option, usually located at the top right corner of the homepage or on the main menu.Click on the "Login" button.Enter your registered email address/Mobile Number and password in the provided fields.Double-check to ensure that your login credentials are correct.Click on the "Login" button to proceed.
It's easy to register if you're ready to get going! Just take these simple actions: • Find the "Register" button on our website. • To begin the registration procedure, click the "Register" button. • Complete the registration form by entering all necessary information, such as your first and last names, email address, mobile number, and preferred password. • Go over our terms and conditions and accept them. • To finish the registration procedure, click the "Submit" button.