Ministry of Finance

Electoral Bond Scheme 2018

Sale of Electoral Bonds at Authorised Branches of State Bank of India (SBI)

Dated: 28 MAR 2018

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 2ndPhase 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 Delhi New Delhi Main Branch, 11, Parliament Street,

New Delhi – 110001

00691 Existing
2 Gujarat Gandhinagar Branch, I Floor, Zonal Office Sector
10 B Gandhinagar Distt:Gandhinagar,Gujarat Pin:382010.
01355 New
3 Haryana And Punjab Chandigarh Main Branch, SCO 43-48, Banking Square, Sector-17B, Chandigarh, Distt: Chandigarh State: Chandigarh, Pin : 160017 00628 New
4 Karnataka Bangalore Main Branch, Post Bag No.5310,

St. Marks Road, Bangalore, District :Bangalore Urban, State: Karnataka, Pin : 560001

00813 New
5 Madhya Pradesh Bhopal  Main Branch, T.T.Nagar,Bhopal-462003, Bhopal, Madhya Pradesh, District : Bhopal, State: Madhya Pradesh. Pin : 462003 01308 New
6 Maharashtra Mumbai Main Branch, Mumbai Samachar Marg
Horniman Circle, Fort ,Mumbai, Maharashtra     Pin : 400001
00300

 

Existing
7 Rajasthan Jaipur Main Branch,P.B.NO.72, Sanganeri Gate
Jaipur, Rajasthan District :Jaipur, State: Rajasthan. Pin : 302003
00656 New
8 Tamil Nadu Chennai Main Branch,336/166, Thambuchetty Street, Parrys, Chennai. State: Tamil Nadu
Pin : 600001
00800 Existing
9 Uttar Pradesh Lucknow Main Branch, Tarawali Kothi, Motimahal Marg, Hazratganj, Lucknow, Uttar Pradesh

District :Lucknow, State: Uttar Pradesh
Pin : 226001

00125 New
10 West Bengal Kolkata Main Branch, Samriddhi Bhawan
1, Strand Road, Kolkata, West Bengal, District :Kolkata. State: West Bengal. Pin : 700001
00001 Existing
11 Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim,

Tripura

Guwahati Branch,

Pan Bazar,

MG Road,

Kamrup, Guwahati

Pin: 781001

00078 New

___________________

22.02.2018 –  Electoral Bearer Bond Scheme 2018 – Sale at Authorised Branches of State Bank of India (SBI)

The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification S.O. No.29 (E) 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 Bond shall be encashed by an eligible political party only through a bank account with the authorized bank.

 State Bank of India (SBI) has been authorised to issue and encash Electoral Bonds initially at its 4 Authorised Branches, as given below. The first issue of the Scheme will be opened in March 2018 in place of January 2018 for the first quarter of 2018. Accordingly, the first sale of Electoral Bonds will commence from 01st March 2018 for a period of 10 days i.e. up to 10th March 2018.

Chennai MainBranch

84, Rajaji Salai

Chennai – 600001

(Br. Code 00800)

Kolkata Main Branch

Samriddhi Bhawan

1, Strand Road

Kolkata – 700001

(Br. Code 00001)

Mumbai Main Branch

Horniman Circle, Fort

Mumbai – 400001

(Br. Code 00300)

New Delhi Main Branch

11, Parliament Street

New Delhi – 110001

(Br. Code 00691)

 It may be noted that Electoral Bond shall be valid for fifteen days from the date of issue and no payment shall be made to any payee Political Party if the Bond is deposited after expiry of the validity period. The bond deposited by any eligible political party to its account shall be credited on the same day.

Source- PIB

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