EMD Refund Process Explained: What Every Bidder Should Know

Earnest Money Deposit (EMD) is typically 10% of the reserve price and is refundable for unsuccessful bidders. The refund usually arrives within 7-15 working days into the same account from which it was paid. If there are delays, raise a written request with the authorised officer named in the auction notice. Most public sector banks have a defined SLA. Keep your EMD receipt, transaction reference and bidder ID handy.