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of <h1>India's Electoral Bond Scheme 2018: Citizens Can Buy Bonds for Parties with 1% Vote Share, Valid for 15 Days.</h1> The Government of India has implemented the Electoral Bond Scheme 2018, allowing Indian citizens and entities to purchase electoral bonds from the State Bank of India (SBI). These bonds can be bought individually or jointly and are intended for political parties registered under the Representation of the People Act, 1951, which received at least one percent of votes in the last general election. The bonds are valid for 15 days and can only be encashed by eligible political parties through authorized SBI branches. The latest phase of bond sales is scheduled from November 9 to November 15, 2022, across 29 SBI branches nationwide.
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