Finance Ministry

Electoral Bond Sale at authorised four branches of SBI from 1st March 2018

Electoral Bond Sale at authorised four branches of SBI. First sale to start from 1st March 2018 for 10 days up to 10th March 2018. 
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 Main Branch

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)

 The 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

Share

Recent Posts

  • CA CS CMA

NTPC invites applications from CA/CMA as Executive Trainee. Last date: 27.01.2026

NTPC invited applications from CA/CMA as young professionals to join NTPC Projects/Stations as Executive Trainee, Finance. NTPC Limited has invited…

9 minutes ago
  • GST

Allahabad HC disposes GST appeals as functioning of GST Tribunal put to motion

Allahabad High Court disposes GST appeals observing that the functioning of GST Appellate Tribunal are put to motion Allahabad High…

45 minutes ago
  • Income Tax

Date of dispatch of notice as per ITBA portal and date of email may not be same – ITAT

Date of dispatch of notice as per ITBA portal and date of communication by email may not necessarily be the…

1 hour ago
  • GST

Assignment of leasehold rights not amount to supply of service under GST Act.

In a recent judgment, Bombay High Court held that assignment of leasehold rights for consideration would not amount to supply…

5 hours ago
  • ICAI

ICAI revises criteria for empanelment of organizations to impart industrial training

ICAI revises eligibility criteria for empanelment of organizations to impart industrial training (Effective from 1st January, 2026) The Council of…

8 hours ago
  • Income Tax

Date of digital signature and issue determines date of a notice u/s 148 of Income Tax Act

Date of digital signature and issuance determines the date of a notice u/s148 of the Income Tax Act - ITAT…

2 days ago