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        FEMA & RBI

        Electoral Bond Scheme 2018

        October 29, 2018

        📋
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        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 (as defined in item No.2(d) of Gazette Notification), 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 6th phase of sale, has been authorised to issue and encash Electoral Bonds through its 29 Authorised Branches (as per list enclosed) w.e.f. 01.11.2018 to 10.11.2018.

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

        Electoral Bearer Bond Scheme – 2018

        Phase VI: November 1-10, 2018

        Authorized Branch of State Bank of India

        Sl. No.

        State

        Name Of The Branch & Address

        Branch Code No.

        1.

        Delhi

        New Delhi Main Branch,

        11, Parliament Street, New Delhi – 110001

        00691

        2.

        Haryana, Punjab and Chandigarh

        Chandigarh Main Branch,

        SCO 43-48, Banking Square,

        Sector-17B, Chandigarh,

        Distt: Chandigarh State: Chandigarh,

        Pin : 160017

        00628

        3.

        Himachal Pradesh

        Shimla Main Branch

        Near Kali Bari Temple, The Mall, Shimla

        Himachal Pradesh, District : Shimla

        State: Himachal Pradesh, Pin : 171003

        00718

        4.

        Jammu and Kashmir

         

         

        Badami Bagh (Srinagar) Branch

        Badami Bagh

        Cantonment, Srinagar, Kashmir

        District : Srinagar, Jammu & Kashmir

        Dist : Badgam, State: Jammu & Kashmir

        Pin : 190001

        02295

        5.

        Uttarakhand

        Dehra Dun Main Branch

        4, Convent Road, Dehradun

        Uttarakhand

        District : Dehradun, State: Uttarakhand Pin : 248001

        00630

        6.

        Gujarat, Dadar & Nagar Haveli and Daman & Diu

        Gandhinagar Branch, I Floor,

        Zonal Office, Sector 10 B Gandhinagar

        Distt: Gandhinagar, Gujarat

        Pin:382010.

        01355

        7.

        Madhya Pradesh

        Bhopal Main Branch,

        T.T.Nagar,Bhopal-462003, Bhopal,

        Madhya Pradesh, District : Bhopal,

        State: Madhya Pradesh. Pin : 462003

        01308

        8.

        Chhattisgarh

        Raipur Main Branch

        P.B.N0.29/61,

        Jaistambh Chowk, Raipur,

        District : Raipur, State : Chhatisgarh

        Pin: 492001

        00461

        9.

        Rajasthan

        Jaipur Main Branch, P.B.No.72,

        Sanganeri Gate

        Jaipur, Rajasthan

        District :Jaipur, State: Rajasthan.

         Pin : 302003

        00656

        10

        Maharashtra

        Mumbai Main Branch,

        Mumbai SamacharMarg

        Horniman Circle, Fort, Mumbai,

        Maharashtra      Pin : 400001

        00300

        11.

        Goa, Lakshadweep

        Panaji Branch

        Opp : Hotel Mandovi, Dayanand,

        Dayanand Bandodkar Marg,

        Panaji, Goa .

        District : North Goa, State : Goa,

        Pin: 403001

        00509

        12.

        Uttar Pradesh

        Lucknow Main Branch,

        Tarawali Kothi, Motimahal Marg,

        Hazratganj, Lucknow, Uttar Pradesh

        District : Lucknow, State: Uttar Pradesh

        Pin:  226001

        00125

         

        13.

        Odisha

        Bhubaneswar Main Branch

        P.B.No.14, Bhubaneswar

        Bhubaneswar, Orissa. District : Khurda

        State: Odisha, Pin : 751001

        00041

        14.

        West Bengal and Andaman & Nicobar

        Kolkata Main Branch,

        Samriddhi Bhawan

        1, Strand Road, Kolkata, West Bengal,

        District :Kolkata. State: West Bengal.

        Pin : 700001

        00001

        15.

        Bihar

        Patna Main Branch

        West Gandhi Maidhan, Patna, Bihar.

        Pin: 800001

        00152

        16.

        Jharkhand

        Ranchi Branch

        Court Compound, Ranchi

        Jharkhand, District : Ranchi,

        State: Jharkhand,

        Pin : 834001

        00167

        17.

        Sikkim

        Gangtok Branch

        M G Marg, Gangtok SIKKIM

        Dist: East Sikkim

        State : Sikkim Pin : 737101

        00232

        18.

        Arunachal Pradesh

        ltanagar Branch

        TI Marg,VIP Road Bank Tinali, ltanagar,

        Arunachal Pradesh

        District : Papumpare

        State : Arunachal Pradesh Pin : 791111

        06091

        19.

        Nagaland

        Kohima Branch

        Near deputy commissioner's office

        Kohima

        Nagaland, Pin: 797001

        00214

        20.

        Assam

        Guwahati Branch,

        Pan Bazar,

        MG Road, Kamrup,

        Guwahati.  Pin: 781001

        00078

        21.

        Manipur

        lmphal Branch

        M G Avenue

        lmphal west, Manipur, Pin: 795001

        00092

        22.

        Meghalaya

        Shillong Branch

        MG road, Near General PO

        Shillong, District: Khasi Hills (E), Meghalaya

        Pin: 793001

        00181

        23.

        Mizoram

        Aizawl Branch

        Solomns cave

        District: Aizawl

        Mizoram

        Pin: 796001

        01539

        24.

        Tripura

        Agartala Branch

        Hari Ganga Basak Road,

        Agartala

        District: Tripura (W), Tripura

        Pin: 799001

        00002

        25.

        Andhra Pradesh

        Visakhapatnam Branch

        Rednam Gardens, Jail Road, Junction,

        Opp. Pages/Vodaphone Off ,

        Visakhapatnam, Visakhapatnam

        District: Visakhapatnam

        State : Andhra Pradesh

        Pin : 530002                                                  

        00952

        26.

        Telangana

        Hyderabad Main Branch

        Bank Street, Koti, Hyderabad.

        District : Hyderabad

        State: Telangana

        Pin: 500095

        00847

        27.

        Tamil Nadu and Puducherry

        Chennai Main Branch

        336/166, Thambuchetty  Street, Parrys,

        Chennai.

        State: Tamil Nadu         Pin : 600001

        00800

        28.

        Karnataka

        Bengaluru Main Branch,

        Post Bag No.5310,

        St. Marks Road, Bangalore,

        District : Bangalore Urban,

        State : Karnataka, Pin : 560001

        00813

        29.

        Kerala

        Thiruvananthapuram Branch

        P.B.No.14, M.G.Road,

        Thiruvananthapuram,

        District : Trivandrum, State: Kerala

        Pin : 695001

        00941

        Electoral bonds allow eligible persons to buy anonymous instruments that eligible political parties may encash within a limited validity period. Electoral bonds permit persons who are Indian citizens or entities incorporated or established in India to purchase bearer electoral bonds, which eligible political parties registered under the Representation of the People Act and meeting a vote-threshold may encash only through their bank account with the Authorized Bank. Bonds are valid for fifteen calendar days from issue, will be credited to a party's account on the same day if deposited within validity, and are issued and encashed through specified Authorized Branches listed for the Phase VI sale window.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Electoral bonds allow eligible persons to buy anonymous instruments that eligible political parties may encash within a limited validity period.

                              Electoral bonds permit persons who are Indian citizens or entities incorporated or established in India to purchase bearer electoral bonds, which eligible political parties registered under the Representation of the People Act and meeting a vote-threshold may encash only through their bank account with the Authorized Bank. Bonds are valid for fifteen calendar days from issue, will be credited to a party's account on the same day if deposited within validity, and are issued and encashed through specified Authorized Branches listed for the Phase VI sale window.


                              Note: It is a system-generated summary and is for quick reference only.
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