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Axis is one of the top private banks providing solutions for e-tendering/e-auction.
Consolidated payment report to the client.
Real-time payment reverse feed.
Dynamic account number for collection through NEFT/ RTGS.
Refunds to the source or to the preferred account number.
Enquiry service through which transaction status can be checked.

Here’s a step-by-step process of e-tendering/e-auction.
Auctioneer logs into the portal for participation in bids
Proceeds for payment of EMD/ Tender Fee
Post tender selection, funds are returned to unsuccessful bidders
Eligibility & Documentation
No eligibility criteria