Land and buildingReserve ₹64 LRegister and pay the EMD by 17 Dec 2026
First seen · Source: Federal Bank listing on bankeauctions.com; lender’s sale documents
Key facts Federal Bank auction of land and building in Ayyampalayam, Elavamalai
Lender
Federal Bank Ltd
Status
Registration open
Property
Land and building
Address
Ayyampalayam, Re-survey No. 298/5 (old S.F. Nos. 269A and 317/5), village Elavamalai, Erode taluk, Erode district, Tamil Nadu
Land area
0.21 acres (0.08.50 hectares)
Possession
Physical
Sold under
SARFAESI Act, 2002
Online auction
18 Dec 2026, 11:00 AM–12:00 PM IST
Registration and EMD close
17 Dec 2026, 5:00 PM IST
Reserve price
₹64,00,000
Bidding
See the bidding rules below for increments and extensions
Inspection
4 Dec 2026, 4:00 PM–5:00 PM IST — confirm access; see the auction and payment timeline
Earnest money (EMD)
₹6,40,000, 10% of the reserve
Platform label conflict
bankeauctions.com files this under Land. The notice sells the land with the buildings existing on it.
Official source
Federal Bank listing 245300 on bankeauctions.com
Last verified
7 Nov 2026
Compiled from Federal Bank Ltd’s listing 245300 and its linked sale documents on bankeauctions.com, checked on 7 Nov 2026. BiddingPulse is independent research, not affiliated with the lender or bankeauctions.com; follow the lender’s registration and payment instructions. The sale follows the lender’s published process.
On the numbers
What the “₹64 L reserve” means
What Federal Bank’s sale documents say
The reserve is ₹64,00,000, with an EMD of ₹6,40,000. The published submission deadline is 17 Dec 2026, 5:00 PM IST. The highest bid is subject to acceptance under the sale notice.
What BiddingPulse covers
The property, dates, possession, participation requirements, payments and material risks in the linked sale documents, read on 7 Nov 2026. Any conflict or missing detail is identified below. This is not a title or occupancy verification. Names of borrowers and other people are left out.
Auction summary
Source: Federal Bank listing on bankeauctions.com; lender’s sale documents
Federal Bank Ltd is selling land and building in Ayyampalayam, Elavamalai, Tamil Nadu. Its sale notice says the lender has taken physical possession. The property is security for a loan, and the lender is selling it under the SARFAESI Act, 2002, which lets a lender sell a defaulted loan’s security without going to court.
The reserve is ₹64,00,000 and the notice EMD is ₹6,40,000. Submission closes 17 Dec 2026, 5:00 PM IST. The online auction is scheduled for 18 Dec 2026, 11:00 AM–12:00 PM IST. See the bidding rules below for increments and extensions. Inspection is set for 4 Dec 2026, 4:00 PM–5:00 PM IST.
Use the official listing below to read the sale notice, register, pay the EMD and bid. Check every figure here against it first.
Auction & payment timeline
Source: Federal Bank listing on bankeauctions.com; lender’s sale documents; SARFAESI sale rules
Stage
Date
What it means
Source
Sale notice dated
3 Nov 2026
The signed notice is dated 3 November 2026. BiddingPulse first saw this listing on 6 November 2026.
Sale notice
Listing seen
6 Nov 2026
First seen on bankeauctions.com
Listing 245300
Inspection
4 Dec 2026, 4:00 PM–5:00 PM IST
The notice gives 4 December 2026, 4:00–5:00 PM IST, for inspection, in consultation with the Kalingarayanpalayam branch.
Sale notice
Registration and EMD close
17 Dec 2026, 5:00 PM IST
Register, pay the EMD and submit your opening offer (usually at least the reserve); bidding itself is in the online auction
Listing 245300
Online auction
18 Dec 2026, 11:00 AM–12:00 PM IST
See the bidding rules below for bid increments, extensions and any conflicting instructions.
Read the requirements and risks from this lot’s sale documents, checked on 7 Nov 2026. Follow the lender’s originals and any later amendment before paying.
Sale documents
What exactly is being sold?
0.21 acres (0.08.50 hectares) of land with the existing buildings and improvements, out of 1.18.0 hectares of punjai land in Re-survey No. 298/5 (old S.F. Nos. 269A and 317/5), at Ayyampalayam, Elavamalai village, Erode taluk, Erode district, Tamil Nadu (Bhavani sub-registration district), with the right to use the common pathways.
The larger survey extent is not the area sold, and the notice gives no building floor area. A north–south road is on the west; the other sides adjoin private and common property.
Personal names left out for privacy.
What are the reserve price and EMD for this land and building?
The reserve is ₹64,00,000 and the earnest-money deposit (EMD) is ₹6,40,000. The published submission deadline is 17 Dec 2026, 5:00 PM IST. The online auction is a separate event; follow the notice’s payment and document instructions.
Who can bid for this land and building, and how do I register?
Register on bankeauctions.com with a valid email address and obtain a user ID from the e-auction service provider. Pay the ₹6,40,000 EMD by demand draft in favour of The Federal Bank Ltd payable at Kalingarayanpalayam, or by NEFT/RTGS to the LCRD Coimbatore account the notice names, by 17 December 2026, 5:00 PM IST.
A company bidder must produce a true copy of its board resolution or authorisation. The notice’s recital invites sealed tenders, while its terms say bidding is online only; confirm the route with the authorised officer.
It states no age, nationality or residency rules; registration alone does not establish eligibility.
Does the bank have possession, and can I inspect it?
The lender’s sale notice says it has taken physical possession. Arrange and confirm inspection with the authorised officer; see the auction and payment timeline for the full inspection note. Ask Federal Bank’s authorised officer before you pay the EMD.
What do I pay if my bid is accepted?
The successful bidder deposits 25% of the price, including the EMD, immediately on acceptance and the balance 75% within 15 days, or such further time as the authorised officer permits under the law. Default forfeits the entire deposit including the EMD without notice, and the property is sold again.
The EMD is refundable if the tender is not accepted; no refund date is given.
What other charges or claims could I face?
The buyer bears stamp duty, registration and all conveyance charges and must clear any encumbrances. Federal Bank says no other encumbrance has come to its notice and takes no responsibility for charges, liens, property tax or government dues on the property.
What are the withdrawal, payment and sale risks?
Federal Bank took possession under section 13(4) on 9 November 2020 and actual physical possession on 9 July 2026. The notice refers to an earlier sale intimation of 31 August 2026 and to a DRT Coimbatore claim, OA No. 161 of 2026; it does not say whether an earlier auction was held.
Satisfy yourself on title, extent and approvals. The officer may reject any bid or adjourn the sale, and a holiday or strike moves the dates to the next working day.
What are the bidding rules?
Bids improve in multiples of ₹50,000 above the reserve. The auction runs 11:00 AM–12:00 PM IST with unlimited five-minute extensions, so noon is a scheduled end.
Check the latest notice and any amendments before paying. Follow the registration, payment and bidding instructions above and in the lender’s documents. BiddingPulse accepts no registrations, deposits or bids.
Open this property’s bankeauctions.com page, then View NIT. The public download works from the ordinary page session; it failed when opened without that session. Match reserve ₹64,00,000 and EMD ₹6,40,000.