Electoral bond scheme

State Bank of India has been authorized to issue and redeem electoral bonds in May 2019 through its 29 authorized branches (linked enclosed).

According to the provisions of the scheme, the purchase of electoral bonds can be done by such a person who is a citizen of India or incorporated or established in India. As a special person, one person can purchase jointly or jointly with other persons.

Election Bonds will be valid for fifteen calendar days from the date of issue and if the election bond is deposited after the expiry of the validity period, then any payment to any payer political party will not be paid. The election bonds deposited by a qualified political party will be credited to the account on the same day.

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Electoral bond scheme