How it works

BID4SALVAGE is an e-auction portal that connects sellers, such as insurers, surveyors and corporates, with verified buyers of surplus, salvage and scrap materials. We run the auction, collect the security deposit and coordinate approval between the buyer and the seller.

Registration is free. Click Register, fill in your details and submit. You can then upload a government address proof from your dashboard. Our team verifies your account, usually within one working day, and you can bid once it is approved.

• A valid email address and mobile number are required.
• GST and PAN details help us verify your firm faster.

Every auction has a fixed security deposit (EMD), shown on the auction page. You keep a deposit balance with us, paid by RTGS or demand draft and credited by our team. When you take part in an auction, that auction's EMD is frozen from your free balance.

• Bidding does not spend your deposit. If you lose, your balance stays as it was and the frozen amount becomes free again.
• If your balance is Rs. 50,000 and each auction needs Rs. 50,000, taking part in the first auction freezes it all. You can take part in another auction after you lose or leave the first one, or add more deposit.
• You can leave an auction before it ends and get the frozen amount back. If you are the highest bidder, the admin has to release you, so call our support number.
• If you win, the EMD stays frozen and is adjusted against your final payment.
• If a winning bidder backs out, the deposit may be forfeited.

Running auctions are live and open for bidding. Upcoming auctions are scheduled to open at a future time. Auctions are either public or private.

• Public: press Participate. If your free deposit covers the EMD you are in straight away and the amount is frozen.
• Private: press I want to participate. The admin reviews your request and approves it, denies it, or puts it on hold until your deposit payment arrives. You can bid once you are approved. Many private auctions also need an inspection first.

After you have taken part in an auction, open the bidding room, enter an amount that is at least the current bid plus the minimum increment and press Bid Now. A countdown shows the time left. You can raise your bid again whenever you are not the highest bidder.

• Bids cannot be cancelled, withdrawn or reduced.
• The server clock decides when an auction ends.
• In private auctions, a bid in the last minute adds 3 minutes to the timer.

The highest bid is sent to the seller, insurer or surveyor for approval, which usually takes 2 to 3 working days. If the bid is below the seller's reserve price, the seller may reject it or we may negotiate. You can follow the status under Awarded bids in your dashboard.

Yes. Auction fees, documentation charges, transport and applicable taxes are in addition to the bid amount. They are disclosed before the e-auction, so please read the terms of each lot before you bid.

Yes. Inspection details are shown on every auction page. Private auctions require an inspection before you can be approved to participate. Contact our helpline to arrange a visit.

Your deposit balance stays with you. Frozen amounts become free automatically when you lose or leave an auction. To get free money paid back to your bank account, write to our support team with your account email and the amount, and we refund it by RTGS. Money frozen against an auction you are winning cannot be refunded until that sale is completed or rejected.