electoral bond

Electoral bonds are issued by the State Bank of India (SBI) for amounts ranging from Rs 1000 to Rs 1 crore and are available for a period of 10 days each in the months of January, April, July and October.(BLOOMBERG NEWS)

Lok Sabha elections 2019: All you need to know about electoral bonds

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON APR 24, 2020 05:14 PM IST
Electoral bonds, unlike debt instruments, resemble promissory notes, which allow donors to pay political parties with banks as an intermediary. These were introduced after changes in the Finance Act 2017.
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