<h1>India Announces Sale of Electoral Bonds for Political Parties u/s 29A of Representation of People Act 1951.</h1> The Government of India has announced the sale of Electoral Bonds under the Electoral Bond Scheme 2018. These bonds can be purchased by Indian citizens or entities and are available for political parties registered under Section 29A of the Representation of the People Act, 1951, which secured at least 1% of votes in the last general election. State Bank of India (SBI) is authorized to issue and encash these bonds at 29 branches from July 3 to July 12, 2023. The bonds are valid for 15 days from issuance, and eligible political parties must deposit them within this period to receive payment.