How can I apply for Electoral bonds to fund a political party?

An electoral bond is like a promissory note that can be bought by any Indian citizen or company incorporated in India from select branches of State Bank of India. The citizen or corporate can then donate the same to any eligible political party of his/her choice. The bonds are similar to banknotes that are payable to the bearer on demand and are free of interest. An individual or party will be allowed to purchase these bonds digitally or through cheque

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 percent 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 Authorized Bank.

You can apply for electoral bond as mentioned below.

• Download application form for Electoral Bond.
• Fill the forms with required details.Every donor has to provide his/her KYC detail to the banks to purchase the electoral bonds. The names of the donors are kept confidential.In case Aadhaar Number is not available with the customer, he/she shall furnish proof of application of enrolment for Aadhaar. Moreover, in case PAN is not available and/or Aadhaar does not have current address, one certified copy of any one from following five Officially Valid Documents (OVDs) to be submitted:
  • Driving Licence,
  • Passport
  • Voter’s Identity Card issued by Election Commission of India,
  • Job Card issued by NREGA duly signed by an officer of the State Govt
  • The letter issued by the National Population Register containing details of Name and Address.
• Attach the required documents.
• Make the required payment through Cheque, DD, NEFT/RTGS or Direct Debit to the Applicant Account.