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SBI to issue and encash electoral bonds from Oct 1 to 10, says FinMin

These bonds will be issued at 29 authorised branches of State Bank of India

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State Bank of India is an Indian multinational, public sector banking and financial services company | Photo: Shutterstock

BS Web Team New Delhi
The finance ministry on Thursday said that State Bank of India, the country’s largest lender, was authorised to issue and encash electoral bonds with effect from October 1 to 10. These could be done at 29 of the bank’s authorised branches.

According to the provisions of the Electoral Bond scheme notified in January this year, these bonds could be purchased by a person who is a citizen of India or an entity incorporated or established in India. An individual can buy electoral bonds either singly or jointly with other individuals. Only the political parties registered under Section 29A of the Representation

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First Published: Sep 27 2018 | 2:14 PM IST

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