GEMS enable the bidders from any part of India to participate in any of the coal e-Auctions at Coaljunction. The service enables the bidders to participate in any of the coal e-Auction at Coaljunction by depositing one EMD, in favour of mjunction services ltd.

To facilitate the EMD deposition from any city in India we have a tie-up and integration with HDFC Bank for PAN India CMS services. Now the bidders need to simply visit his nearest HDFC branch and deposit EMD directly into our bank account.

This service has benefited the bidders in an enormous way. Some of the benefits are enlisted below.

i. Deposit their EMD anytime directly into Mjunction bank account from anywhere in India.
ii. Now bidders can use local payorders for EMD deposition which saves them the DD issuance costs.
iii. The bidders are no longer required to courier the DDs to Coaljunction which saves the courier costs.
iv. The bidder no longer required to wait for the coaljunction executive for EMD deposition.
v. Get faster credit of EMD money in their account.
vi. Zero error w.r.t. EMD amount due minimum human intervention.
vii. Transfer the exact amount of EMD i.e. EMD for the allocated quantity, to the coal companies. The balance EMD money is refunded to the respective bidders with 1 working day. Thus, optimizing the utilization of the money.
viii. Online refund request.
ix. Online refund of unsuccessful EMD.
x. Online ledger to view the EMD transactions.