Electoral Bond Scheme was introduced in 2018 as an alternative to cash donations to political parties
Electoral Bond Scheme was introduced in 2018 as an alternative to cash donations to political parties
Only registered parties under Representation of the People Act are eligible to receive electoral bonds
Only registered parties under Representation of the People Act are eligible to receive electoral bonds
A citizen of India or a body incorporated in India can purchase electoral bonds
A citizen of India or a body incorporated in India can purchase electoral bonds
These bonds can be purchased from specified branches of SBI
These bonds can be purchased from specified branches of SBI
It is an interest-free banking instrument & does not carry name of payee
It is an interest-free banking instrument & does not carry name of payee
These bonds are sold four times a year in January, April, July & October for 10 days & additional 30 days for LS polls
These bonds are sold four times a year in January, April, July & October for 10 days & additional 30 days for LS polls
A recent amendment grants extra 15 days to purchase these bonds in a year for Assembly polls
A recent amendment grants extra 15 days to purchase these bonds in a year for Assembly polls