Auction Fees, EMD & Refunds

For bidders

What you pay, and when

GST is included where it applies. Every payment gets a receipt in the app.

Charge	Amount	When	Comes back?
Platform feeEvery pool — vehicles, property, gold	₹100once per pool	When you register, before entry closes	No — unless the pool is cancelled before bidding opens
ViewingYard, site or branch	Free	Book a slot in the app	—
EMD — propertyEarnest money deposit, per lot	10%of the reserve price	Before you bid on that lot	Yes, in full if you are outbid. Counts toward the price if you win.
EMD — goldPer lot	10%of the reserve price	Before you bid on that lot	Yes, in full if you are outbid. Counts toward the price if you win.
EMD — vehiclesOnly where the seller asks for one	As shownon the pool	Before you bid on that lot	Yes, in full if you are outbid.

If you win

The balance goes to the seller — not to Min-elam.

Vehicles48hours

Pay the full price to the seller as its sale terms say, then collect the vehicle with your sale letter.

Property · SARFAESI25%in 24 h

Of the winning bid. The balance is due within 15 days, after which the seller issues the sale certificate.

Gold72hours

Pay the balance to the seller, then collect the gold at the branch with your release letter.

Refunds

Refunds go back to the account, card or UPI ID you paid from. Banks usually credit them within 5–7 working days.

Bidding closesYou were outbidYour EMD for that lot is refunded in full, automatically.

Runner-upYou came secondYour EMD is held a little longer as a backup, until the winner pays — then refunded in full.

CancelledThe pool or lot is withdrawnEvery EMD on it is refunded, and the platform fee too if bidding had not opened.

Missed deadlineThe winner doesn’t payThe winning bid is cancelled and the winner’s EMD goes to the seller, as the sale terms require.

Sellers

Sellers pay a subscription, listing and success fees agreed with Min-elam — with a GST invoice every month, payable online.