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<h1>Electoral Bonds eligibility and encashment rules clarified; authorised bank branches to issue and credit bonds within validity period.</h1> Notification sets purchaser eligibility for Electoral Bonds to citizens or entities incorporated in India and permits individual or joint purchase. Receipt is limited to Political Parties meeting the Scheme's vote share eligibility; encashment must occur through the Party's account with the Authorised Bank. Bonds have a fixed calendar day validity from issue, are void for payment if deposited after expiry, and must be credited to the Party's account on the day of deposit. The State Bank of India is authorised to issue and encash bonds through a specified network of branches for the sale phase.