Home |Electoral Bond Scheme | For redemption of Electoral Bond, can a Political Party open Current Account with any Bank?

For redemption of Electoral Bond, can a Political Party open Current Account with any Bank?

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Ram Ram
Answered on February 19,2020

No. The Current Account will be opened only in the presently 4 Authorized SBI Branches as under :

(i) Chennai Main Branch (00800): 84, Rajaji Salai, Chennai – 600001 (ii) Kolkata Main Branch (00001):Samriddhi Bhawan, 1, Strand Road, Kolkata – 700001 (iii) Mumbai Main Branch (00300): Horniman Circle, Fort, Mumbai - 400001 (iv) New Delhi Main Branch (00691) : 11, Parliament Street, New Delhi – 110 001.

Existing Current Account of Political Party at Authorized SBI Branches can also be used after being amended with new product code.

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