Polity & Governance - Executive

Electoral Bonds

The first sale of electoral bonds commenced from March 1, 2018 for a period of 10 days at four main branches of State Bank of India in Chennai, Kolkata, Mumbai and New Delhi.

What is it?

An electoral bond is designed to be a bearer instrument like a Promissory Note — in effect, it will be similar to a bank note that is payable to the bearer on demand and free of interest. It can be purchased by any citizen of India or a body incorporated in India.

Key Points

  • These bonds will have a life of 15 days, and a ....

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