<h1>Electoral bond purchase and encashment rules: eligibility, fifteen day validity, and SBI authorised branches for issue and encashment.</h1> Electoral bond issuance and encashment for the XI phase authorises SBI to operate through 29 specified branches from 1 July to 10 July 2019. Eligible purchasers are Indian citizens or entities; only Political Parties meeting registration and vote-threshold eligibility can receive and encash bonds through their bank account with an Authorized Bank. Bonds are valid for fifteen calendar days and, if deposited within that period, are credited to the party's account on the same day.