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