Ever wondered how some people manage to buy premium bikes at huge discounts while most buyers pay full price?
There is a completely legal method that allows buyers to purchase motorcycles at 20–50% lower prices — through bank auctions.
Many experienced buyers have been using this method for years, yet most people are still unaware of how it works.
Why Bank Auctions Offer Huge Discounts
Every year, millions of people take bike loans. When borrowers fail to repay their loans, banks seize (repossess) the vehicles.
To recover their money quickly, banks sell these bikes through auctions at significantly reduced prices.
This process is known as a Bank Auction.
Example
- Royal Enfield Classic 350
- Market Price: ₹2.2 lakh
- Auction Price: ₹1.1 lakh
Same bike — nearly half the price.
Step-by-Step Guide: How to Buy a Bike in a Bank Auction
1. Search and Shortlist
Browse auction portals using filters for:
- Your city
- Vehicle type
Carefully read the Auction Notice, which includes:
- Reserve Price (minimum bid)
- Vehicle location
2. Physical Inspection
This is the most important step.
Banks sell vehicles on an “As-Is” basis, meaning no warranty or guarantees.
You should:
- Visit the storage yard
- Check engine condition
- Inspect tires and body
Test drives are rarely allowed.
3. Registration and EMD Payment
To participate in the auction:
- Register on the auction portal
- Pay an Earnest Money Deposit (EMD)
EMD is usually 10% of the reserve price and is fully refundable if you do not win the auction.
4. The Bidding Process
On the scheduled auction day:
- Log into the platform
- Place your bid online
If you become the highest bidder, you win the vehicle.
5. Final Payment
You must pay the remaining 90% amount within 7 to 15 days.
Failure to complete payment results in forfeiture of your EMD.
6. Ownership Transfer
The bank provides:
- NOC (No Objection Certificate)
- Form 35
- Sale Certificate
These documents must be submitted to your local RTO to transfer the RC into your name.
Important Things to Keep in Mind
Pending Dues
Check whether any traffic challans or dues are pending.
Documents
Ensure the bank provides the original RC or a certified duplicate.
Vehicle Condition
Always factor repair costs before deciding your maximum bid amount.
Example: Active & Closed Bike Auctions (2026)
| Bank / Portal | Notable Bike Listings | Auction Date | Location(s) |
|---|---|---|---|
| Indus EasyWheels | Bajaj Avenger 160 (2023), Bajaj CT110 X (2025), TVS Ntorq 125, Hero Splendor Plus | Feb 18, 2026 (Closing 7:00 PM) | Hissar, Udumalpet, Amritsar, Mohali |
| HDFC Bank | Various 2-Wheelers (Repossessed) | Feb 26, 2026 & Mar 18, 2026 | Surat, Mumbai, Thrissur, Hisar |
| Kotak Bank | Sai Deetya Bikes (Multiple Units) | Feb 26, 2026 | Andhra Pradesh (various locations) |
| SBI (e-Auction Dekho) | Commercial & Private Vehicles | Mar 09 – Mar 16, 2026 | New Delhi, Noida, Kozhikode |
| e-Auction India (Govt) | Tax Due Vehicles (Police/RTO Seized) | Feb 26, 2026 | Maharashtra (MH) |
Bank Auction Websites to Explore
- https://foreclosureindia.com/
- https://www.autobse.com/vehicle-auction-by-bank/
- https://www.mstcecommerce.com/auctionhome/aucsearch/search.jsp
- https://www.mstcindia.co.in/
Conclusion
Bank auctions provide a legal way to purchase bikes at significantly lower prices. Since banks aim to recover loan amounts quickly, buyers can access premium vehicles at discounted rates. With proper inspection, documentation checks, and smart bidding, this method can help you save up to 50% compared to market prices.