Sale of Electoral Bonds at Authorized Branches of State Bank of India (SBI) (AMENDMENT)

Press Information Bureau 
Government of India
Ministry of Finance
01-May-2019 17:22 IST
Electoral Bond Scheme 2018 
Sale of Electoral Bonds at Authorized Branches of State Bank of India (SBI) (AMENDMENT)

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).

Electoral Bond Scheme – 2018
29 Existing Authorized Branches
Name of the Branch & Address
Branch Code No.
Delhi Delhi Main Branch
11, Parliament Street,
New Delhi – 110001
Haryana, Punjab and Chandigarh Chandigarh Main Branch
SCO 43-48, Banking Square, Sector-17B, Chandigarh, Distt: Chandigarh
State: Chandigarh, Pin : 160017
Himachal Pradesh Shimla Main Branch
Near Kali Bari Temple, The Mall, Shimla, District : Shimla
State: Himachal Pradesh,
Pin : 171003
Jammu and Kashmir Badami Bagh (Srinagar) Branch
Badami Bagh
Cantonment, Srinagar, Kashmir
Dist : Badgam,
State: Jammu & Kashmir
Pin : 190001
Uttarakhand Dehra Dun Main Branch
4, Convent Road, Dehradun Uttarakhand, District : Dehradun
State: Uttarakhand Pin : 248001
Gujarat, Dadar & Nagar Haveli and Daman & Diu Gandhinagar Branch, I Floor, Zonal Office Sector
10 B Gandhinagar
Distt: Gandhinagar,
State : Gujarat Pin:382010.
Madhya Pradesh Bhopal Main Branch T.T.Nagar,Bhopal-462003, Bhopal, Madhya Pradesh,
District : Bhopal,
State: Madhya Pradesh,
Pin : 462003
Chhattisgarh Raipur Main Branch
Jaistambh Chowk, Raipur,
District : Raipur
State : Chhatisgarh Pin: 492001
Rajasthan Jaipur Main Branch
P.B.No.72, Sanganeri Gate
Jaipur, Rajasthan District: Jaipur, State: Rajasthan.
Pin : 302003
Mumbai Main Branch
Mumbai Samachar Marg
Horniman Circle, Fort, Mumbai, Maharashtra Pin: 400001
Panaji Branch
Opp : Hotel Mandovi, Dayanand,
Dayanand Bandodkar Marg,
Panaji, Goa.
District : North Goa,
State : Goa, Pin: 403001
Uttar Pradesh Lucknow Main Branch
Tarawali Kothi, Motimahal Marg, Hazratganj, Lucknow, Uttar Pradesh
District :Lucknow,
State: Uttar Pradesh
Pin : 226001
Odisha Bhubaneswar Main Branch
P.B.NO.14, Bhubaneswar
District : Khurda
State: Odisha, Pin : 751001
West Bengal and Andaman & Nicobar Kolkata Main Branch
Samriddhi Bhawan
1, Strand Road, Kolkata, West Bengal, District :Kolkata.
State: West Bengal. 3
Pin : 700001
Bihar Patna Main Branch
West Gandhi Maidhan, Patna,
Bihar. Pin: 800001
Jharkhand Ranchi Branch
Court Compound,
Jharkhand, District : Ranchi,
State: Jharkhand, Pin : 834001
Sikkim Gangtok Branch
M G Marg, Gangtok SIKKIM
Dist: East Sikkim
State : Sikkim Pin : 737101
Arunachal Pradesh Itanagar Branch
TT Marg,VIP Road Bank Tinali, Itanagar, Arunachal Pradesh
District : Papumpare
State : Arunachal Pradesh
Pin : 791111
Nagaland Kohima Branch
Near deputy commissioner's office
Nagaland Pin: 797001
Assam Guwahati Branch
Pan Bazar, MG Road,
Kamrup, Guwahati, Pin: 781001
Manipur Imphal Branch
M G Avenue, Imphal west
Pin: 795001
Meghalaya Shilong Branch
MG Road, Near General PO
Shillong, District: Khasi Hills (E),
Meghalaya, Pin: 793001
Mizoram Aizawl Branch
Solomns cave
District: Aizawl, Mizoram
Pin: 796001
Tripura Agartala Branch
Hari Ganga Basak road,
District: Tripura (W), Tripura
Pin: 799001
Andhra Pradesh Visakhapatnam Branch
Rednam Gardens, Jail Road, Junction, Opp. Pages/Vodaphone Off, Visakhapatnam,
District: Visakhapatnam
State : Andhra Pradesh
Pin : 530002
Telangana Hyderabad Main Branch
Bank Street, Koti, Hyderabad.
District : Hyderabad
State: Telangana
Pin : 500095
Tamil Nadu and Puducherry Chennai Main Branch
336/166, Thambuchetty Street, Parrys, Chennai.
State: Tamil Nadu
Pin : 600001
Karnataka Bengaluru Main Branch
Post Bag No.5310,
St. Marks Road, Bangalore,
District :Bangalore Urban,
State: Karnataka, Pin : 560001
Kerala Thiruvananthapuram Branch
P.B.No.14, M.G.Road, Thiruvananthapuram,
District : Thiruvananthapuram,
State: Kerala, Pin: 695001


Popular Posts

Index of Eight Core Industries (Base: 2011-12=100) March, 2019

Index of Eight Core Industries (Base: 2011-12=100) February, 2019

Index of Eight Core Industries (Base: 2011-12=100) May, 2019