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Electoral Bond Scheme 2018: Sale of Electoral Bonds at Authorised Branches of State Bank of India (SBI)

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New Delhi: Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 02nd January 2018. As per provisions of the Scheme, Electoral Bonds may be purchased by a person, 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 3rd phase of sale, has been authorised to issue and encash Electoral Bonds through its 11 Authorised Branches (as per list enclosed) w.e.f. 01.05.2018 to 10.05.2018.

It may be noted that Electoral Bonds shall be valid for fifteen 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

Phase III: May 01-10, 2018

Authorized Branches of State Bank of India

Sl. No. State Name Of The Branch & Address Branch Code No. Existing / New
1 Delhi New Delhi Main Branch, 11, Parliament Street,

New Delhi – 110001

00691 Existing
2 Gujarat Gandhinagar Branch, I Floor, Zonal Office Sector
10 B Gandhinagar Distt:Gandhinagar,Gujarat Pin:382010.
01355 Existing
3 Haryana And Punjab Chandigarh Main Branch, SCO 43-48, Banking Square, Sector-17B, Chandigarh, Distt: Chandigarh State: Chandigarh, Pin : 160017 00628 Existing
4 Karnataka Bangalore Main Branch, Post Bag No.5310,

St. Marks Road, Bangalore, District :Bangalore Urban, State: Karnataka, Pin : 560001

00813 Existing
5 Madhya Pradesh Bhopal  Main Branch, T.T.Nagar,Bhopal-462003, Bhopal, Madhya Pradesh, District : Bhopal, State: Madhya Pradesh. Pin : 462003 01308 Existing
6 Maharashtra Mumbai Main Branch, Mumbai Samachar Marg
Horniman Circle, Fort ,Mumbai, Maharashtra     Pin : 400001
00300

 

Existing
7 Rajasthan Jaipur Main Branch,P.B.NO.72, Sanganeri Gate
Jaipur, Rajasthan District :Jaipur, State: Rajasthan. Pin : 302003
00656 Existing
 

8

Tamil Nadu Chennai Main Branch,336/166, Thambuchetty Street, Parrys, Chennai. State: Tamil Nadu
Pin : 600001
00800 Existing
9 Uttar Pradesh Lucknow Main Branch, Tarawali Kothi, Motimahal Marg, Hazratganj, Lucknow, Uttar Pradesh

District :Lucknow, State: Uttar Pradesh
Pin : 226001

00125 Existing
10 West Bengal Kolkata Main Branch, Samriddhi Bhawan
1, Strand Road, Kolkata, West Bengal, District :Kolkata. State: West Bengal. Pin : 700001
00001 Existing
11 Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim,

Tripura

Guwahati Branch,

Pan Bazar,

MG Road,

Kamrup, Guwahati

Pin: 781001

00078 Existing

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