Kaagazaat

Bank Auction Bid and EMD Covering Letter

At a glance

Price: Free, always.
Stamp duty: No stamp duty is payable on this application.
Registration: Not registrable; it is an application, not an instrument.
Witnesses: Not required.

Free

Free, always.

Free: up to 5 documents a day.

Guided questions, full draft on screen, download in Word.

See all prices

Also called

bank auction bid letter
SARFAESI auction EMD letter
e-auction bid and earnest money letter
auction tender letter
बैंक नीलामी बोली पत्र
ਬੈਂਕ ਨਿਲਾਮੀ ਬੋਲੀ ਪੱਤਰ

When you need it

When a bank is selling a mortgaged property by auction and you want to bid. You write to the bank's authorised officer with your bid, the earnest money deposit (EMD) you have paid, your identity and PAN, and confirm that you have read the sale notice and buy the property on the terms it states.

For an online auction the bid itself is placed on the portal; this letter goes with the EMD and your papers. It does not make you the buyer: the bank accepts the highest bid under its notice, and the sale certificate comes later. Not for a court auction or a private sale (use the Agreement to Sell), and it is not a substitute for the sale certificate you receive after the price is paid.

Whether you can fill this in here

You can fill this in here

You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

Fill this one in

See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

No stamp duty is payable on this application. Ask the office whether it wants a fee or a court-fee label on it.

Registration

Not registrable; it is an application, not an instrument.

Notarisation

Not required, unless the sale notice asks for an affidavit or declaration; follow the notice.

Witnesses

Not required.

Request Stamp Paper

Sample preview — placeholder answers, not your data

KAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASED

BID LETTER AND EMD COVERING LETTER FOR A BANK AUCTION

To,
The Authorised Officer, the bank and branch named in the sale notice

Place: Chandigarh. Date: 1 April 2026.

Subject: Bid and earnest money deposit for the auction on 3 April 2026 under the sale notice dated 2 April 2026.

Respected Sir or Madam,

1. I, Aarav Sharma, of House 12, Sector 35-A, Chandigarh, PAN ABCDE1234F, bid in my own name for the following property: Residential house 1234, Sector 20-C, Chandigarh, as described in the sale notice. The sale is in the loan account of M/s Kuldeep Traders.

2. The reserve price in the notice is ₹80,00,000 (Rupees Eighty Lakh only). My bid is ₹85,00,000 (Rupees Eighty Five Lakh only).

3. I have paid ₹8,00,000 (Rupees Eight Lakh only) as earnest money deposit by bank transfer (RTGS or NEFT) to the account named in the sale notice. Reference: UTR 123456789012 dated 10 October 2026, State Bank of India. Proof is attached.

4. I have read the sale notice and its terms and conditions. I understand that the property is sold on an "as is where is, as is what is, whatever there is" basis and without recourse to the bank, and that I should inspect the property and check its title and dues before bidding.

5. If my bid is the highest and is accepted, I will pay the part of the price due on acceptance, and the balance within the time given in the sale notice and the rules under which the sale is held, and I will deduct tax at source where the law requires and give the bank the proof. If my bid is not accepted, I ask that the EMD be refunded to the account it was paid from.

6. You can reach me on 98xxxxxx12, aarav@example.com.

Yours faithfully,
Bidder: Aarav Sharma

Enclosures: Proof of the EMD payment, PAN card, address and identity proof, the portal login ID, authority letter if bidding for a firm

Questions about this document

Does the Bank Auction Bid and EMD Covering Letter need stamp paper or stamp duty in Punjab and Chandigarh?

No stamp duty is payable on this application.

See the full position on stamp duty, registration and witnesses

Does the Bank Auction Bid and EMD Covering Letter need registration in Punjab and Chandigarh?

Not registrable; it is an application, not an instrument.

See the full position on stamp duty, registration and witnesses

What does the Bank Auction Bid and EMD Covering Letter cost on Kaagazaat?

Free, always.

Does the Bank Auction Bid and EMD Covering Letter need witnesses?

Not required.

See the full position on stamp duty, registration and witnesses

Often needed with this document

Back to Buying or selling a property