AUCTION: Gold Ornaments Pledged by Borrowers at U Microfinance Bank Branch Choa Saidan Shah

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. U Microfinance Bank Limited is conducting an open auction of gold ornaments that were pledged by borrowers at its Choa Saidan Shah branch, District Chakwal, Punjab. This auction is being held to recover outstanding loan amounts from defaulters who have not repaid their dues within the stipulated time. The auction is open to the general public, and interested buyers are invited to participate as per the terms and conditions set by the bank. Items being auctioned: - Gold ornaments pledged by borrowers at U Microfinance Bank Choa Saidan Shah branch (exact weights, types, and quantities are not specified in the notice) The auction will take place at the Choa Saidan Shah branch premises. All gold items have been held as collateral against microfinance loans and are being sold as per the bank's recovery policy. The auction will be conducted on October 13, 2026, at 11:00 AM. Interested participants must arrive at the branch before the auction time to register and inspect the items. The gold will be sold to the highest bidder, and payment terms will be announced at the event. Participants are advised to bring valid identification and be prepared to deposit earnest money or a pay order as per the bank's requirements. Eligibility is open to all individuals and businesses, subject to compliance with the bank's auction rules. No prior registration is required, but bidders must comply with the bank's verification process on the day of the auction. For further details, contact the branch or call the number provided below. Tip: Arrive early on auction day to inspect the gold items and clarify payment procedures with the branch staff. This will help you make informed bids and avoid last-minute confusion.