The Ministry of Finance has granted authorization to the State Bank of India (SBI) for the issuance and encashment of electoral bonds through its 29 authorised branches.
The Finance Ministry said the electoral bonds shall be valid for 15 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.
New Delhi [India], Oct 27 (ANI): State Bank of India (SBI) in the sixth phase of sale has been authorised to issue and encash Electoral Bonds through its 29 authorised branches with effect from November 01 to 10.