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The issuance of the 23rd tranche of electoral bonds will begin from 9 November and end on 15 November, 2022
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Central Government on Monday approved the sale of electoral bonds from authorised branches of State Bank of India (SBI).
According to government announcement, the issuance of the 23rd tranche of electoral bonds will begin from 9 November and end on 15 November, 2022.
The announcement comes even as Gujarat and Himachal Pradesh prepare for assembly polls.
In Gujarat, the elections will be held in two phases between December 1 and 5, while Himachal Pradesh will vote on November 12.
A total of 29 branches have been authorised by the Centre for sale of electoral bonds.
The government had last opened the sale of electoral bonds (22nd tranche) from 1 October to 10 October 2022.
Electoral bonds are valid alternatives to cash donations made to political parties to raise funding. They were introduced to enhance transparency in political funding.
The electoral bonds can be bought by any Indian citizen or entities incorporated or established in India.
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, are eligible to receive the Electoral Bonds.
The first tranche of electoral bonds was sold between 1 March and 10 March 2018.
This time around the authorised SBI branches for electoral bonds’ sale are located in Gandhinagar, Bhopal, Raipur, Patna, New Delhi, Chandigarh, Srinagar, Lucknow, Shimla, Dehradun, Kolkata, Guwahati and Chennai.