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        Case ID :

        Sale of Electoral Bonds at Authorised Branches of State Bank of India (SBI)

        January 10, 2020

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        Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated January 02, 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.

        State Bank of India (SBI), in the XIII Phase of sale, has been authorised to issue and encash Electoral Bonds through its 29 Authorized Branches ( as per list enclosed) w.e.f. 13.01.2020 to 22.01.2020.

         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

        13th Phase of Sale: January 13-22, 2020

        Authorized Branches

        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, 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

         

         

         

        BadamiBagh (Srinagar) Branch

        BadamiBaghCantonment, 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 , 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,JaistambhChowk, 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,

        DayanandBandodkarMarg,

        Panaji, Goa .District : North Goa, State : Goa,

        Pin: 403001

        00509

        12.

        Uttar Pradesh

        Lucknow Main Branch,

        TarawaliKothi, MotimahalMarg,

        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,

        SamriddhiBhawan

        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), TripuraPin: 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 Bond Scheme: authorised sale and encashment at designated SBI branches; purchaser and party eligibility strictly limited. The notification implements the Electoral Bond framework, restricting purchase to Indian persons and encashment to registered political parties meeting minimum vote thresholds. State Bank of India is designated as the authorised issuer and encasher for the thirteenth sale phase through twenty-nine specified branches. Electoral bonds expire fifteen calendar days after issue and deposited bonds are credited to the eligible party's bank account on the day of deposit; deposits after validity expiry are ineligible for payment.
                          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 Bond Scheme: authorised sale and encashment at designated SBI branches; purchaser and party eligibility strictly limited.

                                The notification implements the Electoral Bond framework, restricting purchase to Indian persons and encashment to registered political parties meeting minimum vote thresholds. State Bank of India is designated as the authorised issuer and encasher for the thirteenth sale phase through twenty-nine specified branches. Electoral bonds expire fifteen calendar days after issue and deposited bonds are credited to the eligible party's bank account on the day of deposit; deposits after validity expiry are ineligible for payment.





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

                                Topics

                                ActsIncome Tax
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