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Press Information Bureau
Government of India
Ministry of Finance
28-March-2018 17:15 IST
Electoral Bond Scheme 2018

Sale of Electoral Bonds at Authorised Branches of State Bank of India (SBI)

Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 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 Electoral Bonds shall be encashed by an eligible Political Party only through a Bank account with the Authorized Bank.

 2. State Bank of India (SBI), in the 2nd Phase of sale, has been authorised to issue and encash Electoral Bonds through its 11 Authorised Branches (as per list enclosed) w.e.f. 02.04.2018 to 10.04.2018.

 

 3. It may be noted that Electoral Bonds shall be valid for fifteen 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. 

 

 

 

Electoral Bond Scheme – 2018

Phase II : April 02-10, 2018

Proposed Authorized Branches

 

Sl. No.

State

Name Of The Branch & Address

Branch Code No.

Existing / New

1

Delhi

New Delhi Main Branch, 11, Parliament Street,

New Delhi – 110001

00691

Existing

2

Gujarat

Gandhinagar Branch, I Floor, Zonal Office Sector
10 B Gandhinagar Distt:Gandhinagar,Gujarat Pin:382010.

01355

New

3

Haryana And Punjab

Chandigarh Main Branch, SCO 43-48, Banking Square, Sector-17B, Chandigarh, Distt: Chandigarh State: Chandigarh, Pin : 160017

00628

New

4

Karnataka

Bangalore Main Branch, Post Bag No.5310,

St. Marks Road, Bangalore, District :Bangalore Urban, State: Karnataka, Pin : 560001

00813

New

5

Madhya Pradesh

Bhopal  Main Branch, T.T.Nagar,Bhopal-462003, Bhopal, Madhya Pradesh, District : Bhopal, State: Madhya Pradesh. Pin : 462003

01308

New

6

Maharashtra

Mumbai Main Branch, Mumbai Samachar Marg
Horniman Circle, Fort ,Mumbai, Maharashtra     Pin : 400001

00300

 

Existing

7

Rajasthan

Jaipur Main Branch,P.B.NO.72, Sanganeri Gate
Jaipur, Rajasthan District :Jaipur, State: Rajasthan. Pin : 302003

00656

New

 

8

Tamil Nadu

Chennai Main Branch,336/166, Thambuchetty Street, Parrys, Chennai. State: Tamil Nadu
Pin : 600001

00800

Existing

9

Uttar Pradesh

Lucknow Main Branch, Tarawali Kothi, Motimahal Marg, Hazratganj, Lucknow, Uttar Pradesh

District :Lucknow, State: Uttar Pradesh
Pin : 226001

00125

New

10

West Bengal

Kolkata Main Branch, Samriddhi Bhawan
1, Strand Road, Kolkata, West Bengal, District :Kolkata. State: West Bengal. Pin : 700001

00001

Existing

11

Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim,

Tripura

Guwahati Branch,

Pan Bazar,

MG Road,

Kamrup, Guwahati

Pin: 781001

00078

New

 

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DSM/RM/KA