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Ministry of Finance

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Sale of Electoral Bonds at Authorised Branches of State Bank of India (SBI)

Posted On: 07 NOV 2022 6:17PM by PIB Delhi

The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 2nd January 2018 (as amended vide Gazette Notification dated 7th 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 per cent 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 daysfrom the date of issue and no payment shall be made to any payee Political Party if the Electoral Bond is deposited after 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 – 29Existing Authorised Branches

Sl. No.State/UTName of the Branch & AddressBranch Code No.
1.DelhiDelhi Main Branch 11, Parliament Street, New Delhi – 11000100691
2.Haryana, Punjab and ChandigarhChandigarh Main Branch SCO 43-48, Banking Square, Sector-17B, Chandigarh, Distt: Chandigarh State: Chandigarh, Pin : 16001700628
3.Himachal PradeshShimla Main Branch Near Kali Bari Temple, The Mall, Shimla, District : Shimla State: Himachal Pradesh, Pin : 17100300718
4.Jammu and KashmirBadami Bagh (Srinagar) Branch Badami Bagh Cantonment, Srinagar, Kashmir Dist : Badgam, State: Jammu & Kashmir Pin : 19000102295
5.UttarakhandDehra Dun Main Branch 4, Convent Road, Dehradun Uttarakhand, District : Dehradun State: Uttarakhand Pin : 24800100630
6.Gujarat, Dadar & Nagar Haveli and Daman & DiuGandhinagar Branch, I Floor, Zonal Office Sector 10 B Gandhinagar Distt: Gandhinagar, State : Gujarat Pin:382010.01355
7.Madhya PradeshBhopal Main Branch T.T.Nagar,Bhopal-462003, Bhopal, Madhya Pradesh, District : Bhopal, State: Madhya Pradesh, Pin : 46200301308
8.ChhattisgarhRaipur Main Branch P.B.NO.29/61, Jaistambh Chowk, Raipur, District : Raipur State : Chhatisgarh Pin: 49200100461
9.RajasthanJaipur Main Branch P.B.No.72, Sanganeri Gate Jaipur, Rajasthan District: Jaipur, State: Rajasthan. Pin : 30200300656
10.MaharashtraMumbai Main Branch Mumbai Samachar Marg Horniman Circle, Fort, Mumbai, Maharashtra Pin: 40000100300
11.Goa, LakshadweepPanaji Branch Opp : Hotel Mandovi, Dayanand, Dayanand Bandodkar Marg, Panaji, Goa. District : North Goa, State : Goa, Pin: 40300100509
12.Uttar PradeshLucknow Main Branch Tarawali Kothi, Motimahal Marg, Hazratganj, Lucknow, Uttar Pradesh District :Lucknow, State: Uttar Pradesh Pin : 22600100125
13.OdishaBhubaneswar Main Branch P.B.NO.14, Bhubaneswar Bhubaneswar District : Khurda State: Odisha, Pin : 75100100041
14.West Bengal and Andaman & NicobarKolkata Main Branch Samriddhi Bhawan 1, Strand Road, Kolkata, West Bengal, District :Kolkata. State: West Bengal. 3 Pin : 70000100001
15.BiharPatna Main Branch West Gandhi Maidhan, Patna, Bihar. Pin: 80000100152
16.JharkhandRanchi Branch Court Compound, Jharkhand, District : Ranchi, State: Jharkhand, Pin : 83400100167
17.SikkimGangtok Branch M G Marg, Gangtok SIKKIM Dist: East Sikkim State : Sikkim Pin : 73710100232
18.Arunachal PradeshItanagar Branch TT Marg,VIP Road Bank Tinali, Itanagar, Arunachal Pradesh District : Papumpare State : Arunachal Pradesh Pin : 79111106091
19.NagalandKohima Branch Near deputy commissioner’s office Kohima Nagaland Pin: 79700100214
20.AssamGuwahati Branch Pan Bazar, MG Road, Kamrup, Guwahati, Pin: 78100100078
21.ManipurImphal Branch M G Avenue, Imphal west Manipur Pin: 79500100092
22.MeghalayaShilong Branch MG Road, Near General PO Shillong, District: Khasi Hills (E), Meghalaya, Pin: 79300100181
23.MizoramAizawl Branch Solomns cave District: Aizawl, Mizoram Pin: 79600101539
24.TripuraAgartala Branch Hari Ganga Basak road, Agartala District: Tripura (W), Tripura Pin: 79900100002
25.Andhra PradeshVisakhapatnam Branch Rednam Gardens, Jail Road, Junction, Opp. Pages/Vodaphone Off, Visakhapatnam, District: Visakhapatnam State : Andhra Pradesh Pin : 53000200952
26.TelanganaHyderabad Main Branch Bank Street, Koti, Hyderabad. District : Hyderabad State: Telangana Pin : 50009500847
27.Tamil Nadu and PuducherryChennai Main Branch 336/166, Thambuchetty Street, Parrys, Chennai. State: Tamil Nadu Pin : 60000100800
28.KarnatakaBengaluru Main Branch Post Bag No.5310, St. Marks Road, Bangalore, District :Bangalore Urban, State: Karnataka, Pin : 56000100813
29.KeralaThiruvananthapuram Branch P.B.No.14, M.G.Road, Thiruvananthapuram, District : Thiruvananthapuram, State: Kerala, Pin: 69500100941