State Bank of India New Delhi/UNI: Electoral bonds will be issued by State Bank of India's 29 authorised branches across the country from January 1-10, 2021, the finance ministry said on Tuesday.
The bonds shall be encashed by an eligible political party only through a bank account with the authorised bank, said the ministry.
The bonds shall be valid for 15 calendar 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.
The Government of India has notified the Electoral Bond Scheme 2018 through Gazette Notification on January 2,2018.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
