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Issue of Electoral Bonds
July 8 , 2022
849 days
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- The Union Government authorised the SBI for issue of and encashing Electoral Bonds through its 29 Authorised Branches.
- The Electoral bonds are instruments through which anyone can donate money to political parties.
- Electoral Bonds are valid for fifteen calendar days from the date of issue.
- No payment is made to any payee Political Party, if the Electoral Bond is deposited after expiry of the validity period.
- The expired bonds values are deposited by the SBI into the Prime Minister’s Relief Fund.
- The electoral bonds do not comprise of name of the donor.
- So, political party may not know about donor’s identity.
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