New section of electoral bonds in January

New Delhi, December 29

With Assam and West Bengal Assembly elections coming up, the government announced a 10-day window from January 1 for the 15th phase of sale and encashment of electoral bonds.

The bonds will be valid for 15 days from the date of issue and no payment shall be made if political parties deposit them after the validity period. Only the State Bank of India is authorised to issue and redeem the electoral bonds through 29 branches. The previous window was opened for 10 days from October 19 during which electoral bonds worth Rs 282.29 crore were sold, half of them in Mumbai though the polls were held in Bihar and Hyderabad municipal corporation. — TNS

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