The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated January 02, 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.
The Election Commission of India (ECI) has accorded ‘No objection’ from Model Code of Conduct (MCC) angle, vide its letter No.437/6/CG/LA-BR/ECI/LET/FUNCT/MCC/2020 dated October 15, 2020 subject to the following conditions:
i) No Political functionary shall make any reference in this regard during any public speech or communication to the press or public in the constituencies going for poll; and
ii) The relevant provisions of Model Code of Conduct issued by the Election Commission shall be strictly followed.
The State Bank of India (SBI), in the XIV Phase of sale, has been authorised to issue and encash Electoral Bonds through its 29 Authorized Branches ( as per list enclosed) w.e.f. 19.10.2020 to 28.10.2020.
It may be noted that 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 Bearer Bond Scheme – 2018
Authorized Branches of State Bank of India (SBI)
14th Phase: October 19-28, 2020
| Sl. No. | State/UT | Name Of The Branch & Address | Branch Code No. |
| 1. | Delhi | New 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, State: Chandigarh, Pin : 160017 | 00628 |
| 3. | Himachal Pradesh | Shimla Main Branch Near Kali Bari Temple, The Mall, Shimla Himachal Pradesh, District : Shimla State: Himachal Pradesh, Pin : 171003 | 00718 |
| 4. | Jammu and Kashmir
| Badami Bagh (Srinagar) Branch Badami BaghCantonment, Srinagar, Kashmir District : Srinagar, Jammu & Kashmir Dist : Badgam, State: Jammu & Kashmir Pin : 190001 | 02295 |
| 5. | Uttarakhand | Dehra Dun Main Branch 4, Convent Road, Dehradun Uttarakhand , 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, 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.N0.29/61, JaistambhChowk, 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 SamacharMarg Horniman Circle, Fort, Mumbai, Maharashtra Pin : 400001 | 00300 |
| 11. | Goa, Lakshadweep | Panaji Branch Opp : Hotel Mandovi, Dayanand, DayanandBandodkar Marg, Panaji, Goa . District : North Goa, State : Goa, Pin: 403001 | 00509 |
| 12. | Uttar Pradesh | Lucknow Main Branch, TarawaliKothi, 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, Orissa. District : Khurda State: Odisha, Pin : 751001 | 00041 |
| 14. | West Bengal and Andaman & Nicobar | Kolkata Main Branch, SamriddhiBhawan 1, Strand Road, Kolkata, West Bengal, District:Kolkata. State: West Bengal. Pin : 700001 | 00001 |
| 15. | Bihar | Patna Main Branch West Gandhi Maidhan, Patna, Bihar. Pin: 800001 | 00152 |
| 16. | Jharkhand | Ranchi Branch Court Compound, Ranchi 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 | ltanagar Branch TI Marg,VIP Road Bank Tinali, ltanagar, 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 | lmphal Branch M G Avenue, lmphal west, Manipur, Pin: 795001 | 00092 |
| 22. | Meghalaya | Shillong 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, 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 : Trivandrum, State: Kerala. Pin : 695001 |
