The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 2nd January 2018. As per provisions of the Scheme, Electoral Bonds may be purchased by a person (as defined in item No. 2 (d) of Gazette Notification), who is a citizen of India or incorporated or established in India. A person being an individual can buy Electoral Bonds, either singly or jointly with other individuals.
Only the Political Parties registered under Section 29A of the Representation of the People Act, 1951 (43 of 1951) and which secured not less than one per cent of the votes polled in the last General Election to the House of the People or the Legislative Assembly of the State, shall be eligible to receive the Electoral Bonds. The Electoral Bonds shall be encashed by an eligible Political Party only through a Bank account with the Authorized Bank.
State Bank of India (SBI), in the XXI Phase of sale, has been authorised to issue and encash Electoral Bonds through its 29 Authorized Branches (as per the list enclosed below) w.e.f. 01.07.2022 to 10.07.2022.
The Electoral Bonds shall be valid for fifteen calendar days from the date of issue and no payment shall be made to any payee Political Party if the Electoral Bond is deposited after the expiry of the validity period. The Electoral Bond deposited by an eligible Political Party in its account shall be credited on the same day.
Electoral Bond Scheme – 2018 Existing Authorized Branches
|Sl.No.||State/UT||Name of the Branch & Address||Branch Code No.|
|1.||Delhi||Delhi Main Branch 11, Parliament Street, New Delhi – 110001||00691|
|2.||Haryana, Punjab and Chandigarh||Chandigarh Main Branch SCO 43-48, Banking Square, Sector-17B, Chandigarh, Distt: ChandigarhState: Chandigarh, Pin: 160017||00628|
|3.||Himachal Pradesh||Shimla Main BranchNear Kali Bari Temple, The Mall, Shimla, District : ShimlaState: Himachal Pradesh, Pin: 171003||00718|
|4.||Jammu and Kashmir||Badami Bagh (Srinagar) Branch Badami BaghCantonment, Srinagar, Kashmir Dist: Badgam, State: Jammu & Kashmir Pin: 190001||02295|
|5.||Uttarakhand||Dehra Dun Main Branch4, Convent Road, Dehradun Uttarakhand, District: Dehradun State: Uttarakhand Pin: 248001||00630|
|6.||Gujarat, Dadar & Nagar Haveli and Daman & Diu||Gandhinagar Branch, I Floor, Zonal Office Sector10 B Gandhinagar Distt: Gandhinagar, State: Gujarat Pin:382010.||01355|
|7.||Madhya Pradesh||Bhopal Main Branch T.T.Nagar, Bhopal-462003, Bhopal, Madhya Pradesh, District: Bhopal, State: Madhya Pradesh, Pin: 462003||01308|
|8.||Chhattisgarh||Raipur Main Branch P.B.NO.29/61, Jaistambh Chowk, Raipur, District : RaipurState: Chhatisgarh Pin: 492001||00461|
|9.||Rajasthan||Jaipur Main Branch P.B.No.72, Sanganeri GateJaipur, Rajasthan District: Jaipur, State: Rajasthan.Pin: 302003||00656|
|10.||Maharashtra||Mumbai Main Branch Mumbai Samachar MargHorniman Circle, Fort, Mumbai, Maharashtra Pin: 400001||00300|
|11.||Goa, Lakshadweep||Panaji BranchOpp: Hotel Mandovi, Dayanand, Dayanand Bandodkar Marg, Panaji, Goa.District: North Goa, State: Goa, Pin: 403001||00509|
|12.||Uttar Pradesh||Lucknow Main BranchTarawali Kothi, Motimahal Marg, Hazratganj, Lucknow, Uttar Pradesh district: Lucknow, State: Uttar PradeshPin: 226001||00125|
|13.||Odisha||Bhubaneswar Main Branch P.B.NO.14, Bhubaneswar BhubaneswarDistrict : KhurdaState: Odisha, Pin: 751001||00041|
|14.||West Bengal and Andaman & Nicobar||Kolkata Main Branch Samriddhi Bhawan1, Strand Road, Kolkata, West Bengal, District: Kolkata.State: West Bengal. 3 Pin: 700001||00001|
|15.||Bihar||Patna Main BranchWest Gandhi Maidhan, Patna, Bihar. Pin: 800001||00152|
|16.||Jharkhand||Ranchi Branch Court Compound, Jharkhand, District: Ranchi, State: Jharkhand, Pin: 834001||00167|
|17.||Sikkim||Gangtok BranchM G Marg, Gangtok SIKKIM Dist: East SikkimState: Sikkim Pin: 737101||00232|
|18.||Arunachal Pradesh||Itanagar BranchTT Marg, VIP Road Bank Tinali, Itanagar, Arunachal Pradesh District : PapumpareState: Arunachal Pradesh Pin: 791111||06091|
|19.||Nagaland||Kohima BranchNear deputy commissioner’s office KohimaNagaland Pin: 797001||00214|
|20.||Assam||Guwahati BranchPan Bazar, MG Road,Kamrup, Guwahati, Pin: 781001||00078|
|21.||Manipur||Imphal BranchM G Avenue, Imphal west ManipurPin: 795001||00092|
|22.||Meghalaya||Shilong BranchMG Road, Near General PO Shillong, District: Khasi Hills (E), Meghalaya, Pin: 793001||00181|
|23.||Mizoram||Aizawl Branch Solomns caveDistrict: Aizawl, Mizoram Pin: 796001||01539|
|24.||Tripura||Agartala BranchHari Ganga Basak road, AgartalaDistrict: Tripura (W), Tripura Pin: 799001||00002|
|25.||Andhra Pradesh||Visakhapatnam Branch Rednam Gardens, Jail Road, Junction, Opp. Pages/Vodaphone Off, Visakhapatnam, District: Visakhapatnam State: Andhra Pradesh Pin: 530002||00952|
|26.||Telangana||Hyderabad Main Branch Bank Street, Koti, Hyderabad. District : HyderabadState: Telangana Pin: 500095||00847|
|27.||Tamil Nadu and Puducherry||Chennai Main Branch 336/166, Thambuchetty Street, Parrys, Chennai.State: Tamil Nadu Pin: 600001||00800|
|28.||Karnataka||Bengaluru Main Branch Post Bag No.5310, St. Marks Road, Bangalore, District: Bangalore Urban, State: Karnataka, Pin: 560001||00813|
|29.||Kerala||Thiruvananthapuram Branch P.B.No.14, M.G.Road, Thiruvananthapuram, District: Thiruvananthapuram, State: Kerala, Pin: 695001||00941|
Disclaimer : This is an official press release by PIB.