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FEMA & RBI

Sale of Electoral Bonds 2018 at Authorised Branches of State Bank of India (SBI)

March 30, 2021

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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 Authorised 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-Multi/ECI/LET/FUNCT/MCC/2021 dated March 17, 2021 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 XVI Phase of sale, has been authorised to issue and encash Electoral Bonds through its 29 Authorized Branches (as per list enclosed) w.e.f. 01.04.2021 to 10.04.2021.

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)

16th Phase: April 01-10, 2021 

 

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

 

 

 

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

 

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