<h1>Electoral Bonds: sale and encashment limited to eligible purchasers and registered political parties, processed through authorized bank branches.</h1> Electoral Bonds are purchasable only by Indian citizens or entities incorporated/established in India; individuals may buy singly or jointly. Only political parties registered under Section 29A that secured at least one per cent of votes in the relevant last General Election are eligible to receive and encash bonds. Encashment must occur through the party's bank account with an authorized bank; bonds are valid for fifteen calendar days and, if deposited within validity, are credited to the party's account the same day. A specified authorized bank was designated to issue and encash bonds through listed authorized branches for the sale phase.