Oct. 17, 2020

The finance ministry said the 14th tranche of electoral bonds sale will take place from 19 October.


  • Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding.

  • One can purchase electoral bonds from select State Bank of India (SBI) branches across the country till 28 October. SBI is the only authorised bank to issue such bonds.

  • Electoral bonds can be purchased by a person who is a citizen of India or incorporated or established in India. One can also buy electoral bonds 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 % 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 authorised bank.

Source : LiveMint