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AUCTION: Gold Ornaments Unclaimed at U Microfinance Bank Branches Rawalpindi and Gujrat
Active Tender
Closing Date:
2026-11-11
2026-11-11
Tender Overview
- Category
- Asset Disposal & Auction / Metals & Scrap
- Sector
- Auction
- Tender Type
- Auction
- Procurement Method
- Open Auction
- Submission Method
- In person at respective U Microfinance Bank branches, Rawalpindi and Gujrat, on auction day
- Source Name
- Newspaper
Location & Dates
- City
- Islamabad
- Province
- Islamabad Capital Territory
- Country
- Pakistan
- Publish Date
- 2026-10-31
- Closing Date
- 2026-11-11
- Created At
- 2026-10-31 08:08:15
Contact & Websites
- Contact Person
- Head Office
- Contact Phone
- 051-111-282-265
Actions
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Tender Document
Tender Description
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 for unclaimed gold ornaments that have been pledged as collateral against loans at its Rawalpindi and Gujrat branches. The auction will be held at the respective branches on 11 November 2026 at 11:00 AM. Interested parties are invited to participate in this transparent process to acquire gold items that have remained unclaimed by borrowers despite repeated notices.
Items being auctioned:
- Gold ornaments pledged at U Microfinance Bank, Raja Bazaar Branch, Rawalpindi
- Gold ornaments pledged at U Microfinance Bank, Circular Road Branch, Gujrat
Each lot consists of gold jewellery items that were deposited by customers as security for microfinance loans and have not been reclaimed within the stipulated period. The auction is open to all eligible bidders, and the gold will be sold to the highest bidder in accordance with the bank's auction policy. Bidders are required to bring valid identification and deposit earnest money as per the bank's terms before participating in the auction. The auction will be conducted at the respective branch premises, and successful bidders must make payment immediately after the conclusion of the auction.
For eligibility, interested bidders should ensure they have no outstanding dues with the bank and are not barred from participating in such auctions. It is advisable to visit the branches prior to the auction date to inspect the gold items and clarify any queries regarding the process. The auction will be held on 11 November 2026 at 11:00 AM at the respective branches. For further details, contact the bank at the number provided below.
Tip: Arrive early on the auction day to complete registration and review the gold items in person, as this will help you make informed bids and avoid last-minute rush.