Business Standard

Tuesday, December 24, 2024 | 03:08 AM ISTEN Hindi

Notification Icon
userprofile IconSearch
What is an Electoral Bond

Electoral Bond

About Electoral Bond

What is an Electoral Bond

An electoral bond is like a promissory note that can be bought by any Indian citizen or company incorporated in India from select branches of State Bank of India. The citizen or corporate can then donate the same to any eligible political party of his/her choice. The bonds are similar to bank notes that are payable to the bearer on demand and are free of interest. An individual or party will be allowed to purchase these bonds digitally or through cheque.
 
When was electoral bond introduced?
 
The electoral bonds were introduced with the Finance Bill (2017). On January 29, 2018 the Narendra
...
Read More

Latest Updates on Electoral Bond

Volume IconTMS Ep633: Electoral bonds, startup rebound, IT stocks, Sora AI

What's next after the electoral bonds ban? Are India's listed startups turning the corner? Will IT sector be the dark horse of 2024? What is Sora AI? All answers here

Image
Updated On : 09 Jun 2024 | 4:12 PM IST

10 regional parties received Rs 852 cr via electoral bonds: ADR report

Ten regional parties, including the DMK, BJD, YSR Congress, JDU and the AAP, have declared receiving Rs 852.88 crore donations through electoral bonds in 2021-22, according to an NGO

Image
Updated On : 08 Apr 2023 | 7:36 PM IST

Centre clears 26th tranche of electoral bonds; sale from Monday

Karnataka will for polls on May 10. Votes, as per the Election Commission schedule, will be counted on May 13

Image
Updated On : 31 Mar 2023 | 10:56 PM IST

SC to decide if electoral bonds need to be referred to bench on April 11

The electoral bond scheme was implemented by the Centre in 2018 as a source of political funding

Image
Updated On : 21 Mar 2023 | 1:29 PM IST

66% income of 7 national parties from electoral bonds, unknown source: ADR

More than 66 per cent of the total income of seven national parties in 2021-22 came from "unknown sources" like electoral bonds, which accounted for a whopping 83 per cent, according to the ADR

Image
Updated On : 11 Mar 2023 | 4:47 PM IST

Bulk of over Rs 12,000 cr electoral bonds sold donated to BJP: Chidambaram

He further slammed the corporates for donating money through electoral bonds to the government

Image
Updated On : 07 Mar 2023 | 11:16 AM IST

64.74% of electoral bonds redeemed between March 2018 and November 2022

An individual can buy bonds, either singly or jointly with other individuals. No limit exists on the number of electoral bonds that a person or corporate entity can purchase

Image
Updated On : 05 Mar 2023 | 9:51 PM IST

Over 96% of TMC's income came from electoral bonds in 2021-22: Audit report

Over 96 per cent of income of the Trinamool Congress in 2021-22 came from electoral bonds, according to the party's annual audit report

Image
Updated On : 07 Jan 2023 | 3:01 PM IST

Govt allows sale of electoral bonds through 29 SBI branches from Dec 5-12

The Government on Saturday authorised sale and encashment of electoral bonds through 29 branches of State Bank of India (SBI) across the country between December 5 and December 12, 2022

Image
Updated On : 03 Dec 2022 | 4:05 PM IST

Electoral bonds worth Rs 10,246 crore sold by SBI in 21 tranches

About 93.5 per cent of total bonds sold were in the denomination of Rs 1 crore, according to an RTI

Image
Updated On : 17 Nov 2022 | 11:05 PM IST

Ahead of assembly polls, 23rd tranche of electoral bonds opens for sale

SBI is the only authorised bank to issue electoral bonds

Image
Updated On : 09 Nov 2022 | 6:12 PM IST

Govt clears 23rd tranche of electoral bonds; open for sale on Wednesday

Sale of the first batch of electoral bonds happened from March 1-10, 2018

Image
Updated On : 07 Nov 2022 | 7:40 PM IST

95% donations through electoral bonds going to BJP, says Ashok Gehlot

Ashok Gehlot claimed that the Bharatiya Janata Party (BJP) is getting 95 per cent of the total donations made through electoral bonds as donors are not providing funds to other parties out of fear.

Image
Updated On : 29 Oct 2022 | 2:41 PM IST

Electoral Bond scheme 'biggest scam' of free India: Raj CM Ashok Gehlot

Rajasthan Chief Minister Ashok Gehlot on Monday called electoral bonds the "biggest scam" in the history of independent India

Image
Updated On : 17 Oct 2022 | 9:49 PM IST

Electoral bond is a transparent mode of political funding: Centre to SC

The Centre on Friday told the Supreme Court that the electoral bonds scheme is an absolutely transparent mode of political funding

Image
Updated On : 14 Oct 2022 | 11:15 PM IST

Supreme Court to hear pleas challenging electoral bond scheme on Friday

The Supreme Court is scheduled to hear on Friday a batch of pleas challenging laws permitting funding of political parties through the electoral bond scheme

Image
Updated On : 13 Oct 2022 | 4:44 PM IST

Government approves 22nd tranche of electoral bonds; sale from October 1-10

Ahead of assembly elections in Gujarat and Himachal Pradesh, the government on Thursday approved issuance of 22nd tranche of electoral bonds that will open for sale on October 1

Image
Updated On : 29 Sep 2022 | 6:23 PM IST

Govt approves sale of electoral bonds from July 1-10: What you need to know

The government on Wednesday approved issuance of the 21st tranche of electoral bonds that will open for sale from July 1.

Image
Updated On : 30 Jun 2022 | 6:48 PM IST

Provide total cost of printing electoral bonds: CIC to India Security Press

Commodore Lokesh Batra (retd) had filed an RTI with the ISP to provide details of total cost of printing the electoral bonds introduced by the government to ensure transparency in political donations

Image
Updated On : 20 Jun 2022 | 7:30 PM IST

The wrong reform

Electoral bonds do not address corruption in political funding

Image
Updated On : 14 Apr 2022 | 10:20 PM IST