For participating in Insurance/Corporate sector listings the bidders should place their bids only after they deposit earnest/margin money with the web site www.isalvageauction.com .
Such amount deposited by the bidders is security deposit and is refundable by www.isalvageauction.com subject to terms and conditions applicable for bidders of INSURANCE/ CORPORATE sector bidders . You can refer FAQ pages for insurance sector bidders for more details.
METHOD OF DEPOSITING
The procedure is very simple that is that you have to deposit Earnest money as reflected with the listing to make your placed bid to be considered as genuine / verified bid.
You can deposit the said amount with our bankers JAMMU AND KASHMIR BANK, MARBEL MARKET ,JAMMU. Bank IFS Code UTIB0000147 in favour of A/C PULKIT ENTERPRISES account number 108
The deposit to said account number can be made either by fund transfer from your bank or other suitable arrangements .
REMEMBER
When you deposit the amount through fund transfer to our account remember to get TRANSACTION ID from the bankers vide which the deposit had been made in our account . While placing your bid you will be asked for same. If your have the TRANSACTION ID then you can quote the same along with name of your banker name of account holder and date of transaction,while placing your bid. In case you do not get transaction ID from your bankers then retain the customer copy confirming deposit of amount and make a scan of the said customer copy. You can attach the SCAN copy also while placing your bid.
For Each listing wherein you intend to place the bid such process has to be adopted to get your bids verified.
Verification means : After a bid is placed his details as per Transaction ID or scan are checked and verified from our banks statement. If the payment is confirmed to have been deposited in our account such bids will be marked as verified by our team. The said amount should have also been creadited in our bank before close of bid period.
Any offer made without deposit of earnest money will be rejected and the mail ID/User account of the said user under insurance sector will get blocked without assigning any reason.
