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    Auction for Sale (re-issue) of (i) ‘7.32% GS 2030’, (ii) ‘7.18% GS 2037’ and (iii) ‘7.25% GS 2063’
    Sale of Electoral Bonds at Authorised Branches of State Bank of India (SBI)
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January 1, 2024
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Government securities auction announced: re-issue of dated bonds via uniform and multiple price methods; electronic bids accepted.
The Government announced re-issue auctions of three dated securities to be conducted by the central bank, with two securities offered via the uniform price method and one via the multiple price method. The Government may retain additional subscriptions against each security. A reserved portion of each issue will be allotted to eligible individuals and institutions under the Non-Competitive Bidding Facility, while the remainder will be allotted through competitive bids. All bids must be submitted electronically on the central bank's E-Kuber system within prescribed submission windows. Auction results, payment schedules, and eligibility for When Issued trading follow the central bank's established guidelines.
January 1, 2024
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Electoral Bond Eligibility: purchase and encashment limited to qualifying persons and registered political parties under the Scheme.
Sale of Electoral Bonds is authorised through twenty-nine designated authorised bank branches for the announced sale window. Purchasers must be citizens or entities incorporated in India; individuals may buy singly or jointly. Only political parties registered under the relevant statutory provision and meeting the Scheme's electoral-performance threshold may receive and encash bonds into their authorised bank account. Each bond is valid for a limited calendar period from issue and will be credited to the party's account on the day deposited; expired bonds will not be paid.

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Acts Income Tax