What Are Electoral Bonds?
Thursday, January 4, 2018, 4:19 PM
Electoral Bond is a financial instrument for making donations to political parties. These are issued by Scheduled Commercial banks upon authorization from the Central Government to intending donors, but only against cheque and digital payments (it cannot be purchased by paying cash). These bonds shall be redeemable in the designated account of a registered political party within the prescribed 15 days time limit from issuance of a bond.