SBI authorised to issue and encash Electoral Bonds
SBI authorised to issue and encash Electoral Bonds through its 29 Authorised Branches, in the 29th phase of sale, w.e.f. 06.11.2023 to 20.11.2023
Posted On: 04 NOV 2023 2:14PM by PIB Delhi
The Government of India has authorised the State Bank of India (SBI), in the XXIX Phase of sale, to issue and encash Electoral Bonds through its 29 Authorised Branches (as per list below) w.e.f. 06.11.2023 to 20.11.2023.
The Electoral Bonds shall be valid for 15 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.
The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 2nd January 2018 (as amended vide Gazette Notification dated 7th November, 2022). 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 Authorised Bank.
Electoral Bond Scheme – 2018 of 29 Authorised Branches
| Sl.No. | State/UT | Name of the Branch & Address | Branch Code No. |
| 1. | Delhi | 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, Distt: ChandigarhState: Chandigarh, Pin : 160017 | 00628 |
| 3. | Himachal Pradesh | Shimla Main BranchNear Kali Bari Temple, The Mall, Shimla, District : ShimlaState: Himachal Pradesh,Pin : 171003 | 00718 |
| 4. | Jammu and Kashmir | Badami Bagh (Srinagar) Branch Badami BaghCantonment, Srinagar, Kashmir Dist : Badgam,State: Jammu & Kashmir Pin : 190001 | 02295 |
| 5. | Uttarakhand | Dehra Dun Main Branch4, Convent Road, Dehradun Uttarakhand, District : Dehradun State: Uttarakhand Pin : 248001 | 00630 |
| 6. | Gujarat, Dadar & Nagar Haveli and Daman & Diu | Gandhinagar Branch, I Floor, Zonal Office Sector10 B Gandhinagar Distt: Gandhinagar,State : 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.NO.29/61,Jaistambh Chowk, Raipur,District : RaipurState : Chhatisgarh Pin: 492001 | 00461 |
| 9. | Rajasthan | Jaipur Main Branch P.B.No.72, Sanganeri GateJaipur, Rajasthan District: Jaipur,State: Rajasthan.Pin : 302003 | 00656 |
| 10. | Maharashtra | Mumbai Main Branch Mumbai Samachar MargHorniman Circle, Fort, Mumbai, Maharashtra Pin: 400001 | 00300 |
| 11. | Goa, Lakshadweep | Panaji BranchOpp : Hotel Mandovi, Dayanand, Dayanand Bandodkar Marg, Panaji, Goa.District : North Goa, State : Goa, Pin: 403001 | 00509 |
| 12. | Uttar Pradesh | Lucknow Main BranchTarawali Kothi, Motimahal Marg, Hazratganj, Lucknow, Uttar PradeshDistrict :Lucknow, State: Uttar PradeshPin : 226001 | 00125 |
| 13. | Odisha | Bhubaneswar Main Branch P.B.NO.14, Bhubaneswar BhubaneswarDistrict : KhurdaState: Odisha, Pin : 751001 | 00041 |
| 14. | West Bengal and Andaman & Nicobar | Kolkata Main Branch Samriddhi Bhawan1, Strand Road, Kolkata, West Bengal, District :Kolkata.State: West Bengal. 3Pin : 700001 | 00001 |
| 15. | Bihar | Patna Main BranchWest Gandhi Maidhan, Patna, Bihar. Pin: 800001 | 00152 |
| 16. | Jharkhand | Ranchi Branch Court Compound,Jharkhand, District : Ranchi, State: Jharkhand, Pin : 834001 | 00167 |
| 17. | Sikkim | Gangtok BranchM G Marg, Gangtok SIKKIM Dist: East SikkimState : Sikkim Pin : 737101 | 00232 |
| 18. | Arunachal Pradesh | Itanagar BranchTT Marg,VIP Road Bank Tinali, Itanagar, Arunachal Pradesh District : PapumpareState : Arunachal PradeshPin : 791111 | 06091 |
| 19. | Nagaland | Kohima BranchNear deputy commissioner’s office KohimaNagaland Pin: 797001 | 00214 |
| 20. | Assam | Guwahati BranchPan Bazar, MG Road,Kamrup, Guwahati, Pin: 781001 | 00078 |
| 21. | Manipur | Imphal BranchM G Avenue, Imphal west ManipurPin: 795001 | 00092 |
| 22. | Meghalaya | Shilong BranchMG Road, Near General PO Shillong, District: Khasi Hills (E), Meghalaya,Pin: 793001 | 00181 |
| 23. | Mizoram | Aizawl Branch Solomns caveDistrict: Aizawl, MizoramPin: 796001 | 01539 |
| 24. | Tripura | Agartala BranchHari Ganga Basak road, AgartalaDistrict: Tripura (W), Tripura Pin: 799001 | 00002 |
| 25. | Andhra Pradesh | Visakhapatnam Branch Rednam Gardens, Jail Road,Junction, Opp. Pages/Vodaphone Off, Visakhapatnam,District: Visakhapatnam State : Andhra Pradesh Pin : 530002 | 00952 |
| 26. | Telangana | Hyderabad Main Branch Bank Street, Koti, Hyderabad. District : HyderabadState: TelanganaPin : 500095 | 00847 |
| 27. | Tamil Nadu and Puducherry | Chennai Main Branch 336/166, Thambuchetty Street, Parrys, Chennai.State: Tamil NaduPin : 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 : Thiruvananthapuram, State: Kerala, Pin: 695001 | 00941 |
Read More on SEBI
