Land in Ramanathapuram, Coimbatore district: South Indian Bank auction

The reserve is ₹2,87,55,000 and the earnest-money deposit (EMD) is ₹28,75,500. The published submission deadline is 3 Dec 2026, 5:00 PM IST. The online auction is a separate event; follow the notice’s payment and document instructions.

Submit the original prescribed bid form, EMD and self-attested identity/address proof to the authorised officer at South Indian Bank’s Coimbatore Regional Office, 1084/1–5 Trichy Road, Sungam, Coimbatore 641018, by the entry deadline. Carry original KYC documents for verification.

Joint bidders need a signed representative authority; companies and partnerships need a board/partner resolution. Register on bankeauctions.com with an active email and mobile number; activation follows receipt and verification.

The sale notice allows the EMD and sale price by demand draft payable at Coimbatore or by RTGS, but the bank’s e-auction tender document says the EMD is payable only by NEFT/RTGS and that cheques or drafts will not be accepted.

The tender document also asks for the NEFT/RTGS challan, PAN, KYC and address proof, and the signed Annexures II and III, to be uploaded on bankeauctions.com before the deadline. Confirm the accepted EMD route, and whether the physical submission is still required, with the authorised officer in writing before paying.

The checked materials do not establish complete age, nationality, residency or category eligibility. Confirm those conditions and local transfer restrictions with the lender before paying; platform registration alone does not establish eligibility.

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 South Indian Bank’s authorised officer before you pay the EMD.

Pay 25%, including EMD, immediately on the same day or no later than the next working day on sale confirmation. The remaining 75% is due within 15 days of the sale; any extension is discretionary.

Default forfeits EMD and other amounts paid without further notice. EMD earns no interest; the checked notice does not establish a fixed unsuccessful-bidder refund period.

Court orders or other delays in confirmation or the sale certificate do not create a promised interest or refund entitlement. The certificate is issued only in the successful bidder’s name.

The buyer bears statutory and other property dues, taxes, electricity and water charges, maintenance, stamp duty, registration and transfer expenses, including arrears where the notice requires them.

Verify title, encumbrances and the payable amounts independently; the bank’s known-encumbrance statement is not a clearance certificate. The buyer must provide applicable TDS proof before the sale certificate and pay to transfer utility connections.

The property is sold as-is, without a warranty of vacant possession, title or permitted use. Inspect the property, access, occupation, title documents and approvals before bidding.

The highest bid remains subject to lender confirmation; the lender can reject, postpone or cancel the sale. A bid cannot be withdrawn after submission.

Bidding starts at reserve or the highest quoted offer, whichever is higher, with a ₹50,000 increment and unlimited five-minute extensions. Conditional bids may be rejected.