New Delhi: The Government of India has authorised the State Bank of India (SBI), in the 29th phase of sale, to issue and encash Electoral Bonds through its 29 Authorised Branches including Bhubaneswar Main Branch w.e.f. 06.11.2023 to 20.11.2023.

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. The Electoral Bond deposited by an eligible Political Party in its account shall be credited on the same day.

The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 2nd January 2018 (as amended vide Gazette Notification dated 7th November 2022). As per provisions of the Scheme, Electoral Bonds may be purchased by a person (as defined in item No. 2 (d) of Gazette Notification), who is a citizen of India or incorporated or established in India. A person being an individual can buy Electoral Bonds, either singly or jointly with other individuals. Only the Political Parties registered under Section 29A of the Representation of the People Act, 1951 (43 of 1951) and which secured not less than one per cent of the votes polled in the last General Election to the House of the People or the Legislative Assembly of the State, shall be eligible to receive the Electoral Bonds. The Electoral Bonds shall be encashed by an eligible Political Party only through a Bank account with the Authorised Bank.

Here's the list of 29 Authorised Branches of the SBI:

SL NoState/UTName of the Branch & Address
1DelhiDelhi Main Branch 11, Parliament Street, New Delhi – 110001
2Haryana, Punjab and ChandigarhChandigarh Main Branch SCO 43-48, Banking Square, Sector-17B, Chandigarh, Distt: Chandigarh State: Chandigarh, Pin : 160017
3Himachal PradeshShimla Main Branch, Near Kali Bari Temple, The Mall, Shimla, District : Shimla State: Himachal Pradesh, Pin : 171003
4Jammu and KashmirBadami Bagh (Srinagar) Branch Badami Bagh, Cantonment, Srinagar, Kashmir Dist : Badgam, State: Jammu & Kashmir Pin : 190001
5UttarakhandDehra Dun Main Branch 4, Convent Road, Dehradun Uttarakhand, District : Dehradun State: Uttarakhand Pin : 248001
6Gujarat, Dadar & Nagar Haveli and Daman & DiuGandhinagar Branch, I Floor, Zonal Office Sector 10 B Gandhinagar Distt: Gandhinagar, State : Gujarat Pin:382010.
7Madhya PradeshBhopal Main Branch T.T.Nagar,Bhopal-462003, Bhopal, Madhya Pradesh, District : Bhopal, State: Madhya Pradesh, Pin : 462003
8ChhattisgarhRaipur Main Branch P.B.NO.29/61, Jaistambh Chowk, Raipur, District : Raipur State : Chhatisgarh Pin: 492001
9RajasthanJaipur Main Branch P.B.No.72, Sanganeri Gate Jaipur, Rajasthan District: Jaipur, State: Rajasthan. Pin : 302003
10MaharashtraMumbai Main Branch Mumbai Samachar Marg, Horniman Circle, Fort, Mumbai, Maharashtra Pin: 400001
11Goa, LakshadweepPanaji Branch, Opp : Hotel Mandovi, Dayanand, Dayanand Bandodkar Marg, Panaji, Goa. District : North Goa, State : Goa, Pin: 403001
12Uttar PradeshLucknow Main Branch, Tarawali Kothi, Motimahal Marg, Hazratganj, Lucknow, Uttar Pradesh District :Lucknow, State: Uttar Pradesh Pin : 226001
13OdishaBhubaneswar Main Branch P.B.NO.14, Bhubaneswar Bhubaneswar, District : Khurda State: Odisha, Pin : 751001
14West Bengal and Andaman & NicobarKolkata Main Branch Samriddhi Bhawan 1, Strand Road, Kolkata, West Bengal, District :Kolkata. State: West Bengal. 3 Pin : 700001
15BiharPatna Main Branch, West Gandhi Maidhan, Patna, Bihar. Pin: 800001
16JharkhandRanchi Branch Court Compound, Jharkhand, District : Ranchi, State: Jharkhand, Pin : 834001
17SikkimGangtok Branch, M G Marg, Gangtok SIKKIM Dist: East Sikkim, State : Sikkim Pin : 737101
18Arunachal PradeshItanagar Branch, TT Marg,VIP Road Bank Tinali, Itanagar, Arunachal Pradesh District : Papumpare, State : Arunachal Pradesh Pin : 791111
19NagalandKohima Branch, Near deputy commissioner's office Kohima, Nagaland Pin: 797001
20AssamGuwahati Branch, Pan Bazar, MG Road, Kamrup, Guwahati, Pin: 781001
21ManipurImphal Branch, M G Avenue, Imphal west Manipur, Pin: 795001
22MeghalayaShilong Branch, MG Road, Near General PO Shillong, District: Khasi Hills (E), Meghalaya, Pin: 793001
23MizoramAizawl Branch Solomns cave, District: Aizawl, Mizoram, Pin: 796001
24TripuraAgartala Branch, Hari Ganga Basak road, Agartala, District: Tripura (W), Tripura Pin: 799001
25Andhra PradeshVisakhapatnam Branch Rednam Gardens, Jail Road, Junction, Opp. Pages/Vodaphone Off, Visakhapatnam, District: Visakhapatnam State : Andhra Pradesh Pin : 530002
26TelanganaHyderabad Main Branch Bank Street, Koti, Hyderabad. District : Hyderabad, State: Telangana, Pin : 500095
27Tamil Nadu and PuducherryChennai Main Branch 336/166, Thambuchetty Street, Parrys, Chennai., State: Tamil Nadu, Pin : 600001
28KarnatakaBengaluru Main Branch Post Bag No.5310, St. Marks Road, Bangalore, District :Bangalore Urban, State: Karnataka, Pin : 560001
29KeralaThiruvananthapuram Branch P.B.No.14, M.G.Road, Thiruvananthapuram, District : Thiruvananthapuram, State: Kerala, Pin: 695001