BANK AUCTIONS

Terms and Conditions for Gold Loan Auctions by IndusInd Bank

By TEAM CIRCULAR EXPRESS • 07 Oct 2026
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• Gold is sold on an "as is where is" basis.
• Bidders must submit KYC documents to participate.
• The minimum bid increase is Rs. 100.
• Successful bidders must make full payment within 24 hours via RTGS/NEFT/IMPS.
• Default in payment leads to forfeiture of the deposit.
• Borrowers may redeem pledged gold before the auction date by paying the full loan closure amount.
• No complaints regarding gold quality are entertained.
Name of Bank
IndusInd Bank
Most Important Details
Gold auction terms including KYC requirements, payment timelines, and borrower redemption rights.
purpose of issuance
Standard terms and conditions for the auction of pledged gold assets.
Type of property
Gold
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Terms and Conditions for Gold Loan Auctions by IndusInd Bank

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