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      Home› news › FEMA & RBI › 2022 › March, 2022 › This
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      FEMA & RBI

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

      March 30, 2022

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      Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 02nd January 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 XXth  Phase of sale, has been authorised to issue and encash Electoral Bonds through its 29 Authorized Branches ( as per list enclosed)  w.e.f. 01.04.2022 to 10.04.2022.

      The 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 Bond Scheme – 2018

      29 Existing Authorized Branches

      Sl. No.

      State/UT

      Name of the Branch & Address

      Branch Code No.

      1.  

      Delhi

      Delhi Main Branch

      11, Parliament Street,

      New Delhi – 110001

      00691

      1.  

      Haryana, Punjab and Chandigarh

      Chandigarh Main Branch

      SCO 43-48, Banking Square, Sector-17B, Chandigarh, Distt: Chandigarh

      State: Chandigarh, Pin : 160017

      00628

      1.  

      Himachal Pradesh

      Shimla Main Branch

      Near Kali Bari Temple, The Mall, Shimla, District : Shimla

      State: Himachal Pradesh,

      Pin : 171003

      00718

      1.  

      Jammu and Kashmir

      Badami Bagh (Srinagar) Branch

      Badami Bagh

      Cantonment, Srinagar, Kashmir
      Dist : Badgam,

      State: Jammu & Kashmir
      Pin : 190001

      02295

      1.  

      Uttarakhand

      Dehra Dun Main Branch

      4, Convent Road, Dehradun Uttarakhand, District : Dehradun
      State: Uttarakhand Pin : 248001

      00630

      1.  

      Gujarat, Dadar & Nagar Haveli and Daman & Diu

      Gandhinagar Branch, I Floor, Zonal Office Sector
      10 B Gandhinagar

      Distt: Gandhinagar,

      State : Gujarat Pin:382010.

      01355

      1.  

      Madhya Pradesh

      Bhopal Main Branch T.T.Nagar,Bhopal-462003, Bhopal, Madhya Pradesh,

      District : Bhopal,

      State: Madhya Pradesh,

      Pin : 462003

      01308

      1.  

      Chhattisgarh

      Raipur Main Branch

      P.B.NO.29/61,

      Jaistambh Chowk, Raipur,

      District : Raipur

      State : Chhatisgarh Pin: 492001

      00461

      1.  

      Rajasthan

      Jaipur Main Branch

      P.B.No.72, Sanganeri Gate
      Jaipur, Rajasthan District: Jaipur, State: Rajasthan.

      Pin : 302003

      00656

      1.  

      Maharashtra

       

      Mumbai Main Branch

      Mumbai Samachar Marg
      Horniman Circle, Fort, Mumbai, Maharashtra   Pin: 400001

      00300

       

      1.  

      Goa, Lakshadweep

       

      Panaji Branch

      Opp : Hotel Mandovi, Dayanand,

      Dayanand Bandodkar Marg,

      Panaji, Goa.
      District : North Goa,

      State : Goa, Pin: 403001

      00509

      1.  

      Uttar Pradesh

      Lucknow Main Branch

      Tarawali Kothi, Motimahal Marg, Hazratganj, Lucknow, Uttar Pradesh

      District :Lucknow,

      State: Uttar Pradesh
      Pin : 226001

      00125

      1.  

      Odisha

      Bhubaneswar Main Branch

      P.B.NO.14, Bhubaneswar
      Bhubaneswar

      District : Khurda
      State: Odisha, Pin : 751001

      00041

      1.  

      West Bengal and Andaman & Nicobar

      Kolkata Main Branch

      Samriddhi Bhawan
      1, Strand Road, Kolkata, West Bengal, District :Kolkata.

      State: West Bengal. 3

      Pin : 700001

      00001

      1.  

      Bihar

      Patna Main Branch

      West Gandhi Maidhan, Patna,

      Bihar. Pin: 800001

      00152

      1.  

      Jharkhand

      Ranchi Branch

      Court Compound,

      Jharkhand, District : Ranchi,

      State: Jharkhand, Pin : 834001

      00167

      1.  

      Sikkim

      Gangtok Branch

      M G Marg, Gangtok SIKKIM

      Dist: East Sikkim

      State : Sikkim Pin : 737101

      00232

      1.  

      Arunachal Pradesh

      Itanagar Branch

      TT Marg,VIP Road Bank Tinali, Itanagar, Arunachal Pradesh 

      District : Papumpare

      State : Arunachal Pradesh

      Pin : 791111

      06091

      1.  

      Nagaland

      Kohima Branch

      Near deputy commissioner's office

      Kohima

      Nagaland Pin: 797001

      00214

      1.  

      Assam

      Guwahati Branch

      Pan Bazar, MG Road,

      Kamrup, Guwahati, Pin: 781001

      00078

      1.  

      Manipur

      Imphal Branch

      M G Avenue, Imphal west

      Manipur

      Pin: 795001

      00092

      1.  

      Meghalaya

      Shilong Branch

      MG Road, Near General PO

      Shillong, District: Khasi Hills (E),

      Meghalaya, Pin: 793001

      00181

      1.  

      Mizoram

      Aizawl Branch

      Solomns cave

      District: Aizawl, Mizoram

      Pin: 796001

      01539

      1.  

      Tripura

      Agartala Branch

      Hari Ganga Basak road,

      Agartala

      District: Tripura (W), Tripura

      Pin: 799001

      00002

      1.  

      Andhra Pradesh

      Visakhapatnam Branch

      Rednam Gardens, Jail Road, Junction, Opp. Pages/Vodaphone Off, Visakhapatnam,

      District: Visakhapatnam

      State : Andhra Pradesh

      Pin : 530002

      00952

      1.  

      Telangana

      Hyderabad Main Branch

      Bank Street, Koti, Hyderabad.
      District : Hyderabad
      State: Telangana
      Pin : 500095

      00847

      1.  

      Tamil Nadu and Puducherry

      Chennai Main Branch

      336/166, Thambuchetty Street, Parrys, Chennai.

      State: Tamil Nadu
      Pin : 600001

      00800

      1.  

      Karnataka

      Bengaluru Main Branch

      Post Bag No.5310,

      St. Marks Road, Bangalore,

      District :Bangalore Urban,

      State: Karnataka, Pin : 560001

      00813

      1.  

      Kerala

      Thiruvananthapuram Branch

      P.B.No.14, M.G.Road, Thiruvananthapuram,
      District : Thiruvananthapuram,

      State: Kerala, Pin: 695001

      00941

       

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