Electoral Bonds

  • RTI enquiries have revealed recently that corporates are channelling large chunk of donation through electoral bonds nowadays.
  • An electoral bond is a bearer instrument (without the name of the bond holder) like a Promissory Note —payable to the bearer on demand and free of interest.
  • Any citizen of India or a body incorporated in India whose accounts are KYC compliant can purchase it.
  • They are issued in multiples of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh and Rs 1 crore and are available at specified branches of State Bank of India for purchase for a period of 10 days each ....
Do You Want to Read More?
Subscribe Now

To get access to detailed content

Already a Member? Login here


Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.