On 29th January, Wednesday, the government issued a notification regarding reserve price of the numbers. As per the notification, the reserve price of these numbers has increased and now the customers will have to start bidding at two to eight times the reserve price.
Apart from the new increased prices, the government has also increased the number of numbers to 450. Earlier this number was 272.
Additionally, number 0001, which had a reserve price of Rs 2.50 lakh in the last auction, will now have a bid starting at Rs 5 lakh. The reserve price of numbers 0002 to 0009 and 0786 will now be Rs 2 lakh, which was previously Rs 25,000.
The reserve price of numbers has been increased eight times. Similarly, by including 0010 to 0099 and some other fancy numbers in it, their reserve price has been increased from Rs 12,500 to Rs 1 lakh. The prices of other fancy numbers have also been increased substantially. The numbers which were priced at Rs 5,000 in the previous notification, their reserve price has now been increased to Rs 20,000.
In the last auction, the government had earned Rs 60 crore. Now it is expected to earn Rs 100 crore. Departmental officials have said that doubling or increasing the reserve price to eight times does not give that much income because the income comes from the increase in prices in the auction, but we hope that this year we will make it crores of rupees.
As per the notification issued by the government, the e-auction participation charges will be Rs 2000 (For Sr. No. 01 & 02) and Rs. 1,000/- per number. These charges will be deposited by the owner online, for participating in the e-auction. This shall be non-refundable.
Additionally, an amount of 20 percent as earnest money deposit (EMD), should be deposited by the applicant in order to bid for the reserved registration marks to all numbers along with the non-refundable registration charges already notified.
However, the EMD will be refunded automatically to the unsuccessful bidders through the Vahan Portal managed by the NIC.