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