Sale of 29th tranche of electoral bonds begins
- The sale of the 29th tranche of electoral bonds started amidst Assembly elections in five States – Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana and Mizoram.
About Electoral Bond Scheme
- Launch – 2018 as an alternative to cash donations to political parties.
- Only bank authorised to issue and encash the bonds – State Bank of India
- Purchased anonymously by donors.
- Validity – 15 days from the date of issue.
- Denominations of Bond – Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh and Rs 1 crore.
- Available for purchase for a period of ten days each in the months of January, April, July and October
- Recently this provision has been amended to conduct extra fortnight sale when states or Union territories have elections.
