New Delhi: The 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 (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) has been authorized to issue and encash Electoral Bonds through its 29 Authorized Branches (as per list enclosed) in the month of May 2019.
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.
This Notification is an Amendment of the earlier Notification issued on February 28, 2019 indicating schedule of issuance/redemption of Electoral Bonds during the period March to May 2019. Government of India has now decided to restrict the next Phase of Electoral Bonds sale to 06.05.2019 to 10.05.2019 (instead of 06.05.2019 to 15.05.2019 scheduled and notified earlier).
ANNEXURE
Electoral Bond Scheme – 2018
29 Existing Authorized Branches
| Sl. No. | State/UT | Name of the Branch & Address | Branch Code No. |
|
|
Delhi | Delhi Main Branch
11, Parliament Street, New Delhi – 110001 |
00691 |
|
|
Haryana, Punjab and Chandigarh | Chandigarh Main Branch
SCO 43-48, Banking Square, Sector-17B, Chandigarh, Distt: Chandigarh State: Chandigarh, Pin : 160017 |
00628 |
|
|
Himachal Pradesh | Shimla Main Branch
Near Kali Bari Temple, The Mall, Shimla, District : Shimla State: Himachal Pradesh, Pin : 171003 |
00718 |
|
|
Jammu and Kashmir | Badami Bagh (Srinagar) Branch
Badami Bagh Cantonment, Srinagar, Kashmir State: Jammu & Kashmir |
02295 |
|
|
Uttarakhand | Dehra Dun Main Branch
4, Convent Road, Dehradun Uttarakhand, District : Dehradun |
00630 |
|
|
Gujarat, Dadar & Nagar Haveli and Daman & Diu | Gandhinagar Branch, I Floor, Zonal Office Sector 10 B Gandhinagar Distt: Gandhinagar, State : Gujarat Pin:382010. |
01355 |
|
|
Madhya Pradesh | Bhopal Main Branch T.T.Nagar,Bhopal-462003, Bhopal, Madhya Pradesh,
District : Bhopal, State: Madhya Pradesh, Pin : 462003 |
01308 |
|
|
Chhattisgarh | Raipur Main Branch
P.B.NO.29/61, Jaistambh Chowk, Raipur, District : Raipur State : Chhatisgarh Pin: 492001 |
00461 |
|
|
Rajasthan | Jaipur Main Branch
P.B.No.72, Sanganeri Gate Pin : 302003 |
00656 |
|
|
Maharashtra
|
Mumbai Main Branch
Mumbai Samachar Marg |
00300
|
|
|
Goa,
Lakshadweep
|
Panaji Branch
Opp : Hotel Mandovi, Dayanand, Dayanand Bandodkar Marg, Panaji, Goa. State : Goa, Pin: 403001 |
00509 |
|
|
Uttar Pradesh | Lucknow Main Branch
Tarawali Kothi, Motimahal Marg, Hazratganj, Lucknow, Uttar Pradesh District :Lucknow, State: Uttar Pradesh |
00125 |
|
|
Odisha | Bhubaneswar Main Branch
P.B.NO.14, Bhubaneswar District : Khurda |
00041 |
|
|
West Bengal and Andaman & Nicobar | Kolkata Main Branch
Samriddhi Bhawan State: West Bengal. 3 Pin : 700001 |
00001 |
|
|
Bihar | Patna Main Branch
West Gandhi Maidhan, Patna, Bihar. Pin: 800001 |
00152 |
|
|
Jharkhand | Ranchi Branch
Court Compound, Jharkhand, District : Ranchi, State: Jharkhand, Pin : 834001 |
00167 |
|
|
Sikkim | Gangtok Branch
M G Marg, Gangtok SIKKIM Dist: East Sikkim State : Sikkim Pin : 737101 |
00232 |
|
|
Arunachal Pradesh | Itanagar Branch
TT Marg,VIP Road Bank Tinali, Itanagar, Arunachal Pradesh District : Papumpare State : Arunachal Pradesh Pin : 791111 |
06091 |
|
|
Nagaland | Kohima Branch
Near deputy commissioner’s office Kohima Nagaland Pin: 797001 |
00214 |
|
|
Assam | Guwahati Branch
Pan Bazar, MG Road, Kamrup, Guwahati, Pin: 781001 |
00078 |
|
|
Manipur | Imphal Branch
M G Avenue, Imphal west Manipur Pin: 795001 |
00092 |
|
|
Meghalaya | Shilong Branch
MG Road, Near General PO Shillong, District: Khasi Hills (E), Meghalaya, Pin: 793001 |
00181 |
|
|
Mizoram | Aizawl Branch
Solomns cave District: Aizawl, Mizoram Pin: 796001 |
01539 |
|
|
Tripura | Agartala Branch
Hari Ganga Basak road, Agartala District: Tripura (W), Tripura Pin: 799001 |
00002 |
|
|
Andhra Pradesh | Visakhapatnam Branch
Rednam Gardens, Jail Road, Junction, Opp. Pages/Vodaphone Off, Visakhapatnam, District: Visakhapatnam State : Andhra Pradesh Pin : 530002 |
00952 |
|
|
Telangana | Hyderabad Main Branch
Bank Street, Koti, Hyderabad. |
00847 |
|
|
Tamil Nadu and Puducherry | Chennai Main Branch
336/166, Thambuchetty Street, Parrys, Chennai. State: Tamil Nadu |
00800 |
|
|
Karnataka | Bengaluru Main Branch
Post Bag No.5310, St. Marks Road, Bangalore, District :Bangalore Urban, State: Karnataka, Pin : 560001 |
00813 |
|
|
Kerala | Thiruvananthapuram Branch
P.B.No.14, M.G.Road, Thiruvananthapuram, State: Kerala, Pin: 695001 |
00941 |
