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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.
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