The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 2^nd January 2018 (as amended vide Gazette Notification dated 7^th November 2022). 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 percent 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 Authorised Bank.

The State Bank of India (SBI), in the XXIII Phase of sale, has been authorised to issue and encash Electoral Bonds through its 29 Authorized Branches (as per list enclosed) w.e.f. 09.11.2022 to 15.11.2022.

The 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 the 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 Bond Scheme – 2018 – 29 Existing Authorised SBI Branches

Sl.No.	State/UT	Name of the Branch & Address	Branch Code No.
1.	Delhi	Delhi Main Branch 11, Parliament Street, New Delhi – 110001	00691
2.	Haryana, Punjab, and Chandigarh	Chandigarh Main Branch SCO 43-48, Banking Square, Sector-17B, Chandigarh, Distt: ChandigarhState: Chandigarh, Pin: 160017	00628
3.	Himachal Pradesh	Shimla Main BranchNear Kali Bari Temple, The Mall, Shimla, District : ShimlaState: Himachal Pradesh, Pin: 171003	00718
4.	Jammu and Kashmir	Badami Bagh (Srinagar) Branch Badami BaghCantonment, Srinagar, Kashmir Dist: Badgam, State: Jammu & Kashmir Pin: 190001	02295
5.	Uttarakhand	Dehra Dun Main Branch4, Convent Road, Dehradun Uttarakhand, District: Dehradun State: Uttarakhand Pin: 248001	00630
6.	Gujarat, Dadar & Nagar Haveli and Daman & Diu	Gandhinagar Branch, I Floor, Zonal Office Sector10 B Gandhinagar Distt: Gandhinagar, State: Gujarat Pin:382010.	01355
7.	Madhya Pradesh	Bhopal Main Branch T.T.Nagar, Bhopal-462003, Bhopal, Madhya Pradesh, District: Bhopal, State: Madhya Pradesh, Pin: 462003	01308
8.	Chhattisgarh	Raipur Main Branch P.B.NO.29/61, Jaistambh Chowk, Raipur, District: Raipur State: Chhatisgarh Pin: 492001	00461
9.	Rajasthan	Jaipur Main Branch P.B.No.72, Sanganeri GateJaipur, Rajasthan District: Jaipur, State: Rajasthan.Pin: 302003	00656
10.	Maharashtra	Mumbai Main Branch Mumbai Samachar MargHorniman Circle, Fort, Mumbai, Maharashtra Pin: 400001	00300

11.	Goa, Lakshadweep	Panaji Branch Opp: Hotel Mandovi, Dayanand, Dayanand Bandodkar Marg, Panaji, Goa.District: North Goa, State: Goa, Pin: 403001	00509
12.	Uttar Pradesh	Lucknow Main BranchTarawali Kothi, Motimahal Marg, Hazratganj, Lucknow, Uttar Pradesh district: Lucknow, State: Uttar Pradesh Pin: 226001	00125
13.	Odisha	Bhubaneswar Main Branch P.B.NO.14, Bhubaneswar BhubaneswarDistrict : KhurdaState: Odisha, Pin: 751001	00041
14.	West Bengal and Andaman & Nicobar	Kolkata Main Branch Samriddhi Bhawan1, Strand Road, Kolkata, West Bengal, District: Kolkata.State: West Bengal. 3 Pin: 700001	00001
15.	Bihar	Patna Main BranchWest Gandhi Maidan, Patna, Bihar. Pin: 800001	00152
16.	Jharkhand	Ranchi Branch Court Compound, Jharkhand, District: Ranchi, State: Jharkhand, Pin: 834001	00167
17.	Sikkim	Gangtok BranchM G Marg, Gangtok SIKKIM Dist: East Sikkim State: Sikkim Pin : 737101	00232
18.	Arunachal Pradesh	Itanagar BranchTT Marg, VIP Road Bank Tinali, Itanagar, Arunachal Pradesh District: Papumpare State: Arunachal Pradesh Pin: 791111	06091
19.	Nagaland	Kohima BranchNear deputy commissioner’s office KohimaNagaland Pin: 797001	00214
20.	Assam	Guwahati BranchPan Bazar, MG Road,Kamrup, Guwahati, Pin: 781001	00078
21.	Manipur	Imphal BranchM G Avenue, Imphal west ManipurPin: 795001	00092
22.	Meghalaya	Shilong BranchMG Road, Near General PO Shillong, District: Khasi Hills (E), Meghalaya, Pin: 793001	00181
23.	Mizoram	Aizawl Branch Solomns caveDistrict: Aizawl, Mizoram Pin: 796001	01539
24.	Tripura	Agartala BranchHari Ganga Basak road, AgartalaDistrict: Tripura (W), Tripura Pin: 799001	00002
25.	Andhra Pradesh	Visakhapatnam Branch Rednam Gardens, Jail Road, Junction, Opp. Pages/Vodaphone Off, Visakhapatnam, District: Visakhapatnam State: Andhra Pradesh Pin: 530002	00952
26.	Telangana	Hyderabad Main Branch Bank Street, Koti, Hyderabad. District : HyderabadState: Telangana Pin: 500095	00847
27.	Tamil Nadu and Puducherry	Chennai Main Branch 336/166, Thambuchetty Street, Parrys, Chennai.State: Tamil Nadu Pin: 600001	00800
28.	Karnataka	Bengaluru Main Branch Post Bag No.5310, St. Marks Road, Bangalore, District: Bangalore Urban, State: Karnataka, Pin: 560001	00813
29.	Kerala	Thiruvananthapuram Branch P.B.No.14, M.G.Road, Thiruvananthapuram, District: Thiruvananthapuram, State: Kerala, Pin: 695001	00941

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