Electoral Bond Scheme 2018

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Ministry of Finance28-March, 2018 17:15 IST
Electoral Bond Scheme 2018

Sale of Electoral Bonds at Authorised Branches of State Bank of India (SBI)
Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 02nd January 2018. As per provisions of the Scheme, Electoral Bonds may be purchased by a person, 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.

 2. State Bank of India (SBI), in the 2nd Phase of sale, has been authorised to issue and encash Electoral Bonds through its 11 Authorised Branches (as per list enclosed) w.e.f. 02.04.2018 to 10.04.2018.

 3. It may be noted that Electoral Bonds shall be valid for fifteen days from the date of issue and no payment shall be made to any payee Political Party if the Electoral Bond is deposited after 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
Phase II : April 02-10, 2018
Proposed Authorized Branches

Sl. No.
State
Name Of The Branch & Address
Branch Code No.
Existing / New
1
DelhiNew Delhi Main Branch, 11, Parliament Street,
New Delhi – 110001
00691
Existing
2
GujaratGandhinagar Branch, I Floor, Zonal Office Sector
10 B Gandhinagar Distt:Gandhinagar,Gujarat Pin:382010.
01355
New
3
Haryana And PunjabChandigarh Main Branch, SCO 43-48, Banking Square, Sector-17B, Chandigarh, Distt: Chandigarh State: Chandigarh, Pin : 160017
00628
New
4
KarnatakaBangalore Main Branch, Post Bag No.5310,
St. Marks Road, Bangalore, District :Bangalore Urban, State: Karnataka, Pin : 560001
00813
New
5
Madhya PradeshBhopal  Main Branch, T.T.Nagar,Bhopal-462003, Bhopal, Madhya Pradesh, District : Bhopal, State: Madhya Pradesh. Pin : 462003
01308
New
6
MaharashtraMumbai Main Branch, Mumbai Samachar Marg
Horniman Circle, Fort ,Mumbai, Maharashtra     Pin : 400001
00300

Existing
7
RajasthanJaipur Main Branch,P.B.NO.72, Sanganeri Gate
Jaipur, Rajasthan District :Jaipur, State: Rajasthan. Pin : 302003
00656
New
 
8
Tamil NaduChennai Main Branch,336/166, Thambuchetty Street, Parrys, Chennai. State: Tamil Nadu
Pin : 600001
00800
Existing
9
Uttar PradeshLucknow Main Branch, Tarawali Kothi, Motimahal Marg, Hazratganj, Lucknow, Uttar Pradesh
District :Lucknow, State: Uttar Pradesh
Pin : 226001
00125
New
10
West BengalKolkata Main Branch, Samriddhi Bhawan
1, Strand Road, Kolkata, West Bengal, District :Kolkata. State: West Bengal. Pin : 700001
00001
Existing
11Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim,
Tripura
Guwahati Branch,
Pan Bazar,
MG Road,
Kamrup, Guwahati
Pin: 781001
00078
New


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