Electoral Bond Scheme

The Government notified the scheme of Electoral Bonds in 2018 to cleanse the system of political funding in the country.

Broad Features of the Scheme: Electoral Bond would be a bearer instrument in the nature of a Promissory Note and an interest free banking instrument. A citizen of India or a body incorporated in India will be eligible to purchase the bond.

• A bearer instrument does not carry any information about the buyer or payee and the holder of the instrument (which is the political party) is presumed to be its owner.
• Electoral bond would be issued/purchased for any value, in multiples of ....