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    August 18, 2026
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      Home› news › FEMA & RBI › 2023 › March, 2023 › This
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      FEMA & RBI

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

      March 31, 2023

      Contents
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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 amended vide Gazette Notification dated 7th November, 2022). 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 XXVI Phase of sale, has been authorised to issue and encash Electoral Bonds through its 29 Authorized Branches (as per list enclosed below) w.e.f. 03.04.2023 to 12.04.2023.

      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

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