<h1>Electoral Bond Scheme 2018: Anonymous Political Donations Through KYC-Compliant Bonds for Registered Parties With 1% Vote Share.</h1> The Government introduced the Electoral Bond Scheme, 2018, to reform political funding. These bonds, akin to promissory notes, are interest-free and can be purchased by Indian citizens or entities. Available in specific denominations, they can be bought from designated State Bank of India branches. Valid for 15 days, they can only be used to donate to registered political parties that secured at least 1% of votes in the last election. The bonds ensure donor anonymity while promoting transparency, requiring purchase through KYC-compliant accounts and encashment via designated bank accounts. The scheme operates quarterly, with extended availability during general election years.