The Government of I ndia notifies the Scheme of Electoral Bonds to cleanse the system of political funding in the country; Electoral Bond would be a bearer instrument in the nature of a Promissory Note and an interest free banking instrument; Bond(s) would be issued/purchased for any value, in multiples of 1,000, 10,000, 1,00,000, 10,00,000 and 1,00,00,000 from the Specified Branches of the State Bank of India (SBI)

The Government of I ndia notifies the Scheme of Electoral Bonds to cleanse the system of political funding in the country; Electoral Bond would be a bearer instrument in the nature of a Promissory Note and an interest free banking instrument; Bond(s) would be issued/purchased for any value, in multiples of 1,000, 10,000, 1,00,000, 10,00,000 and 1,00,00,000 from the Specified Branches of the State Bank of India (SBI) https://www.taxtmi.com/news?id=19300 Electoral Bonds are bearer promissory instruments issued through specified bank branches to enable anonymous donations by eligible Indian purchasers who meet all KYC requirements and pay from a bank account; bonds may be donated only to registered political parties meeting a minimum vote-share threshold and must be encashed into the party's designated account with the authorised bank, with bond sales confined to specified quarterly purchase windows and extended availability in general election years. en-us Wed, 03 Jan 2018 09:48:18 +0530 Wed, 03 Jan 2018 09:48:18 +0530 TaxTMI RSS Generator The Government of I ndia notifies the Scheme of Electoral Bonds to cleanse the system of political funding in the country; Electoral Bond would be a bearer instrument in the nature of a Promissory Note and an interest free banking instrument; Bond(s) would be issued/purchased for any value, in multiples of 1,000, 10,000, 1,00,000, 10,00,000 and 1,00,00,000 from the Specified Branches of the State Bank of India (SBI) https://www.taxtmi.com/news?id=19300 Electoral Bonds are bearer promissory instruments issued through specified bank branches to enable anonymous donations by eligible Indian purchasers who meet all KYC requirements and pay from a bank account; bonds may be donated only to registered political parties meeting a minimum vote-share threshold and must be encashed into the party's designated account with the authorised bank, with bond sales confined to specified quarterly purchase windows and extended availability in general election years. News - Wed, 03 Jan 2018 09:48:18 +0530 https://www.taxtmi.com/news?id=19300