Canara Bank Fazilka Commercial Plot Auction: Plot – Reserve ₹11.52 Lakh (9 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-362886
Property Description
Canara Bank has put a commercial plot up for sale through the Canara Bank Fazilka commercial plot auction, open to all registered bidders on BAANKNET. On offer is a plot in Fazilka (PIN 152123). The online auction runs on 9 October 2026 (11:30 AM to 12:30 PM) with a reserve price of ₹11,52,000.
The property is being sold under SARFAESI on an “as is where is, as is what is and whatever there is” basis. Below are the reserve price, EMD, key dates, location details, bidding steps and a due diligence checklist for this auction.
Table of Contents
Table of Contents
Canara Bank Fazilka Commercial Plot Auction: Key Highlights
- Reserve price: ₹11,52,000 (₹11.52 Lakh)
- EMD: ₹1,15,200
- Bid increment: ₹10,000
- Auction: 9 October 2026, 11:30 AM to 12:30 PM
- Last date for EMD: 8 October 2026, 5:00 PM
- Location: Fazilka, Punjab
- Possession: Symbolic
Canara Bank Fazilka Commercial Plot Auction – Complete Details
| Auction ID | 362886 |
| Bank property ID | CNRB681936 |
| Bank | Canara Bank |
| Branch | Specialised Arm Branch, Ludhiana |
| Property type | Commercial – Plot |
| City / District | Fazilka |
| State | Punjab |
| PIN code | 152123 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹11,52,000 |
| EMD | ₹1,15,200 |
| Bid increment | ₹10,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Fazilka
The property is located in Fazilka, Punjab (PIN 152123). Punjab’s property demand is spread across Ludhiana, Jalandhar, Amritsar, Mohali and Patiala, supported by agriculture, small industry and a large NRI population. The handling branch is Specialised Arm Branch, Ludhiana, which is usually the best contact for site visits and local queries.
Is the Canara Bank Fazilka Commercial Plot Auction Worth It?
The EMD of ₹1,15,200 is 10% of the reserve price and is refunded to unsuccessful bidders. The real saving in a bank auction comes after you add stamp duty, registration, pending dues and repair costs to the bid, so set a firm ceiling before the auction starts. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the Canara Bank Fazilka Commercial Plot Auction
- Inspection window: 29 September 2026, 3:00 PM to 30 September 2026, 5:00 PM
- EMD submission opens: 19 September 2026
- Last date for EMD: 8 October 2026, 5:00 PM
- E-auction: 9 October 2026, 11:30 AM to 12:30 PM
- Auto-extension: 5 minutes for every bid in the last minutes
How to Bid on BAANKNET
- Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
- Search for Auction ID 362886 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9517700632.
- Pay the EMD of ₹1,15,200 through the BAANKNET wallet before 8 October 2026, 5:00 PM.
- Log in on 9 October 2026 and bid above the reserve in steps of ₹10,000; each late bid extends the auction by 5 minutes.
The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance 75% within 15 days, unless the bank states otherwise. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer.
Due Diligence Checklist Before Bidding
- Obtain the encumbrance certificate and verify the title chain.
- Confirm land use or zoning and road access on site.
- Check the survey sketch, boundaries and any encroachment.
- Verify that property tax and other local dues are clear.
- Read our auction property due diligence checklist before you bid.
Canara Bank Fazilka Commercial Plot Auction: FAQs
What is the reserve price in the Canara Bank Fazilka commercial plot auction?
The reserve price is ₹11,52,000. Bids below the reserve price are not accepted.
When is the Canara Bank Fazilka commercial plot auction scheduled?
The e-auction is on 9 October 2026 from 11:30 AM to 12:30 PM. The last date for EMD is 8 October 2026, 5:00 PM.
How much EMD is required?
The earnest money deposit is ₹1,15,200. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Fazilka, Punjab – 152123.
Where can I see the official sale notice?
Search Auction ID 362886 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More Canara Bank and Punjab Auctions
- All Canara Bank auction listings
- More commercial plot auctions
- Bank auctions in Punjab
- Guide: reserve price bidding strategy
Source: Auction ID 362886 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Canara Bank before bidding.
“The asset is being sold on “As is where is”, “As is what is” and “Whatever there is” basis through e-auction by Canara Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Commercial Land |
|---|---|
| Location | Fazilka, Fazilka, Punjab |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 19 Sep 2026Auction Notice Published
- 29 Sep 2026Inspection Starts
- 30 Sep 2026Inspection Ends
- 8 Oct 2026Last Date for EMD Submission
- 9 Oct 2026, 11:30 AM to 12:30 PMe-Auction (Online Bidding)
- Post AuctionHighest Bidder Intimation
- Within Specified TimePayment & Documentation
Important Information
- The asset will be sold to the highest bidder subject to confirmation by the bank.
- Bidders must remit the EMD before the last date mentioned in the sale notice.
- The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance within 15 days, unless the bank specifies otherwise.
- For detailed terms and conditions, please refer to the official bank sale notice.
- This is a bank e-auction and not a private sale.
- eBankAuctions is a directory platform and does not conduct the auction. Please contact the respective bank for all auction-related queries.