Electoral bond eligibility limits purchases to domestic persons and restricts encashment to qualifying registered political parties. Eligibility to purchase electoral bonds is confined to persons who are citizens of India or entities incorporated or established in India; individuals may acquire bonds singly or jointly. Receipt and encashment are limited to political parties registered under section 29A of the Representation of the People Act that meet the prescribed minimum vote share, and encashment must occur only through a bank account with the authorised bank under the Scheme.