On December 31, 2021, the central government approved the issuance of the 19th tranche of electoral , down that route of assembly polls in five states.
Highlights:
Electoral bonds will be available for purchase from January 1 to October 10, 2022.
The bonds will be issued and encashed by the State Bank Of India (SBI) through its 29 Authorized Branches.
Five states, namely Uttar Pradesh, Uttarakhand, Himachal Pradesh, Punjab, and Goa, will hold assembly Elections.
Electoral Bond
Electoral Bonds are a type of financial instrument that can be used to donate to Political Parties.
These bonds are available in denominations of 1000, 10000, 1 lakh, 10 lakh, and 1 crore rupees, with no upper limit.