Poket News

SBI authorised to issue, encash Electoral Bonds from Oct 19-28


  • The Ministry of Finance has said that the State Bank of India, in the 14th Phase of sale, has been authorised to issue and encash Electoral Bonds through its 29 Authorized Branches with effect from 19th October  to  28th of October this year. 
  • Electoral Bonds will  be valid for 15 calendar days from the date of issue and no payment will be made to any payee Political Party if the Electoral Bond is deposited after expiry of the validity period.