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    Case ID :

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

    October 17, 2020

    📋
    Contents
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    The 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.

    The Election Commission of India (ECI) has accorded ‘No objection’ from Model Code of Conduct (MCC) angle, vide its letter No.437/6/CG/LA-BR/ECI/LET/FUNCT/MCC/2020 dated October 15, 2020 subject to the following conditions:

    i) No Political functionary shall make any reference in this regard during any public speech or communication to the press or public in the constituencies going for poll; and

    ii) The relevant provisions of Model Code of Conduct issued by the Election Commission shall be strictly followed.

    The State Bank of India (SBI), in the XIV Phase of sale, has been authorised to issue and encash Electoral Bonds through its 29 Authorized Branches ( as per list enclosed) w.e.f. 19.10.2020 to 28.10.2020.

    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.

    Annexure

     Electoral Bearer Bond Scheme – 2018

    Authorized Branches of State Bank of India (SBI)

    14th Phase: October 19-28, 2020 

    Sl. No.

    State/UT

    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

     

     

    Badami Bagh (Srinagar) Branch

    Badami BaghCantonment, 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,

    DayanandBandodkar Marg,

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

    Pin: 403001

    00509

    12.

    Uttar Pradesh

    Lucknow Main Branch,

    TarawaliKothi, 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,

    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), 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

     

    Topics

    ActsIncome Tax