Election law

Sale of Electoral Bonds through Authorised Branches of SBI

DATE: 17 OCT 2020

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/UTName Of The Branch & AddressBranch Code No.
1.DelhiNew Delhi Main Branch,11, Parliament Street, New Delhi – 11000100691
2.Haryana, Punjab and ChandigarhChandigarh Main Branch,SCO 43-48, Banking Square,Sector-17B, Chandigarh, State: Chandigarh,Pin : 16001700628
3.HimachalPradeshShimla Main BranchNear Kali Bari Temple, The Mall, ShimlaHimachal Pradesh, District : ShimlaState: Himachal Pradesh, Pin : 17100300718
4.Jammu andKashmir   Badami Bagh (Srinagar) BranchBadami BaghCantonment, Srinagar, KashmirDistrict : Srinagar, Jammu & KashmirDist : Badgam, State: Jammu & KashmirPin : 19000102295
5.UttarakhandDehra Dun Main Branch4, Convent Road, DehradunUttarakhand , State: Uttarakhand Pin : 24800100630
6.Gujarat, Dadar & Nagar Haveliand Daman & DiuGandhinagar Branch, I Floor,Zonal Office, Sector 10 B GandhinagarDistt: Gandhinagar, Gujarat. Pin:382010.01355
7.MadhyaPradeshBhopal Main Branch,T.T.Nagar,Bhopal-462003, Bhopal,Madhya Pradesh, District : Bhopal,State: Madhya Pradesh. Pin : 46200301308
8.ChhattisgarhRaipur Main BranchP.B.N0.29/61, JaistambhChowk, Raipur,District : Raipur, State : ChhatisgarhPin: 49200100461
9.RajasthanJaipur Main Branch, P.B.No.72,Sanganeri Gate, Jaipur, RajasthanDistrict :Jaipur, State: Rajasthan. Pin : 30200300656
10 MaharashtraMumbai Main Branch,Mumbai SamacharMargHorniman Circle, Fort, Mumbai,Maharashtra      Pin : 40000100300
11.Goa, LakshadweepPanaji BranchOpp : Hotel Mandovi, Dayanand,DayanandBandodkar Marg,Panaji, Goa . District : North Goa, State : Goa,Pin: 40300100509
12.Uttar PradeshLucknow Main Branch,TarawaliKothi, Motimahal Marg,Hazratganj, Lucknow, Uttar PradeshDistrict : Lucknow, State: Uttar PradeshPin:  22600100125
 13.OdishaBhubaneswar Main BranchP.B.No.14, BhubaneswarBhubaneswar, Orissa. District : KhurdaState: Odisha, Pin : 75100100041
14.West Bengal and Andaman& NicobarKolkata Main Branch,SamriddhiBhawan1, Strand Road, Kolkata, West Bengal,District:Kolkata. State: West Bengal.Pin : 70000100001
15.BiharPatna Main BranchWest Gandhi Maidhan, Patna, Bihar.Pin: 80000100152
16.JharkhandRanchi BranchCourt Compound, RanchiJharkhand, District : Ranchi,State: Jharkhand, Pin : 83400100167
17.SikkimGangtok BranchM G Marg, Gangtok SIKKIMDist: East Sikkim, State : Sikkim Pin : 73710100232
18.ArunachalPradeshltanagar BranchTI Marg,VIP Road Bank Tinali, ltanagar,Arunachal PradeshDistrict : PapumpareState : Arunachal Pradesh Pin : 79111106091
19.NagalandKohima BranchNear deputy commissioner’s officeKohima, Nagaland, Pin: 79700100214
20.AssamGuwahati Branch, Pan Bazar,MG Road, Kamrup, Guwahati.  Pin: 78100100078
21.Manipurlmphal BranchM G Avenue, lmphal west, Manipur, Pin: 79500100092
22.MeghalayaShillong BranchMG road, Near General POShillong, District: Khasi Hills (E), MeghalayaPin: 79300100181
23.MizoramAizawl Branch, Solomns caveDistrict: Aizawl. Mizoram,  Pin: 79600101539
24.TripuraAgartala Branch, Hari Ganga Basak Road,Agartala, District: Tripura (W), Tripura Pin: 79900100002
25.AndhraPradeshVisakhapatnam BranchRednam Gardens, Jail Road, Junction,Opp. Pages/Vodaphone Off ,Visakhapatnam, VisakhapatnamDistrict: Visakhapatnam, State : Andhra PradeshPin : 530002                                                  00952
26.TelanganaHyderabad Main BranchBank Street, Koti, Hyderabad.District : Hyderabad, State: TelanganaPin: 50009500847
27.Tamil Nadu and PuducherryChennai Main Branch336/166, Thambuchetty  Street, Parrys,Chennai. State: Tamil Nadu    Pin : 60000100800
28.KarnatakaBengaluru Main Branch, Post Bag No.5310,St. Marks Road, Bangalore, District : Bangalore Urban,State : Karnataka, Pin : 56000100813
29.KeralaThiruvananthapuram BranchP.B.No.14, M.G.Road,Thiruvananthapuram,District : Trivandrum,State: Kerala. Pin : 69500100941

Categories: Election law

Tagged as: ,