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 (Br. Code 00800) |
Kolkata Main Branch
Samriddhi Bhawan (Br. Code 00001) |
Mumbai Main Branch
Horniman Circle, Fort (Br. Code 00300) |
New Delhi Main Branch
11, Parliament Street (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
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