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        Case ID :

        Electoral Bearer Bond Scheme September, 2022

        September 29, 2022

        📋
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        The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 2nd 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 XXII Phase of sale, has been authorised to issue and encash Electoral Bonds through its 29 Authorized Branches (as per list enclosed) w.e.f. 01.10.2022 to 10.10.2022.

        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.

        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

        2.

        Haryana, Punjab and Chandigarh

        Chandigarh Main Branch SCO 43-48, Banking Square,

        Sector-17B, Chandigarh, Distt: Chandigarh

        State: Chandigarh, Pin : 160017

        00628

        3.

        Himachal Pradesh

        Shimla Main Branch

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

        State: Himachal Pradesh, Pin : 171003

        00718

        4.

        Jammu and Kashmir

        Badami Bagh (Srinagar) Branch Badami Bagh

        Cantonment, Srinagar, Kashmir Dist : Badgam,

        State: Jammu & Kashmir Pin : 190001

        02295

        5.

        Uttarakhand

        Dehra Dun Main Branch

        4, Convent Road, Dehradun Uttarakhand, District : Dehradun 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,

        State : 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.NO.29/61,

        Jaistambh Chowk, 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 Samachar Marg

        Horniman Circle, Fort, Mumbai, Maharashtra Pin: 400001

        00300

        11.

        Goa, Lakshadweep

        Panaji Branch

        Opp : Hotel Mandovi, Dayanand, Dayanand Bandodkar Marg, Panaji, Goa.

        District : North Goa, State : Goa, Pin: 403001

        00509

        12.

        Uttar Pradesh

        Lucknow Main Branch

        Tarawali Kothi, 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

        District : Khurda

        State: Odisha, Pin : 751001

        00041

        14.

        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

        15.

        Bihar

        Patna Main Branch

        West Gandhi Maidhan, Patna, Bihar. Pin: 800001

        00152

        16.

        Jharkhand

        Ranchi Branch Court Compound,

        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

        Itanagar Branch

        TT Marg,VIP Road Bank Tinali, Itanagar, 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

        Imphal Branch

        M G Avenue, Imphal west Manipur

        Pin: 795001

        00092

        22.

        Meghalaya

        Shilong 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,

        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 : Thiruvananthapuram, State: Kerala, Pin: 695001

        00941

         

        Electoral Bonds: purchase and encashment limited to eligible persons and parties, valid for fifteen days. The notice sets out that Electoral Bonds may be purchased by Indian citizens or entities incorporated/established in India, with individuals able to purchase singly or jointly. Only political parties registered under Section 29A and meeting a one per cent vote threshold may receive and encash bonds, which must be encashed through an Authorized Bank account and are to be credited on the same day. State Bank of India is authorized to issue and encash bonds through 29 specified branches from 1 October 2022 to 10 October 2022; each bond is valid for fifteen calendar days.
                          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 Bonds: purchase and encashment limited to eligible persons and parties, valid for fifteen days.

                                The notice sets out that Electoral Bonds may be purchased by Indian citizens or entities incorporated/established in India, with individuals able to purchase singly or jointly. Only political parties registered under Section 29A and meeting a one per cent vote threshold may receive and encash bonds, which must be encashed through an Authorized Bank account and are to be credited on the same day. State Bank of India is authorized to issue and encash bonds through 29 specified branches from 1 October 2022 to 10 October 2022; each bond is valid for fifteen calendar days.





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