Electoral Bonds

What are Electoral Bonds?

Electoral bonds are financial instruments introduced in India for making donations to political parties. They aim to promote transparency and accountability in political funding.

What is Electoral Bond Verdict?

On February 15, a five-judge Supreme Court bench delivered a decision regarding the constitutionality of the electoral bonds program, declaring it “unconstitutional” in two judgments that indicated a unanimous decision.

How do Electoral Bonds work?

Individuals and corporations can purchase electoral bonds from specified banks and donate them to registered political parties. The parties can encash these bonds in their designated bank accounts.

Are Electoral Bonds Anonymous?

Yes, electoral bonds maintain donor anonymity. The donor’s identity is known only to the bank issuing the bonds, ensuring confidentiality.

Can anyone buy electoral bonds?

Electoral bonds can be purchased by Indian citizens or entities incorporated in India. Foreign entities are not eligible to buy electoral bonds.

Are electoral bonds taxable?

No, electoral bonds do not attract any tax implications, neither for the donor nor the recipient political party.

What denominations are available for electoral bonds?

Electoral bonds are available in various denominations ranging from ₹1,000 to ₹1 crore, facilitating donations of different amounts.

Can electoral bonds be encashed by anyone?

No, only registered political parties can encash electoral bonds in their designated bank accounts within a specified period.

Are electoral bonds a form of cash donation?

No, electoral bonds are not cash donations. They are financial instruments that can be used exclusively for donations to political parties.

What is the validity period of electoral bonds?

Electoral bonds remain valid for a specified period from the date of issuance, typically for 15 days.



Electoral Bonds

Electoral bonds were introduced with the Finance Bill of 2017. They are securities or instruments that are used to make financial contributions to political parties. Notification of the Electoral Bonds came out in 2018.

In this article, we will learn about Electoral Bonds in detail, including their scheme, recent update, eligibility, advantages, and disadvantages.

Table of Content

  • What are Electoral Bonds?
  • Electoral Bonds Scheme in India
  • Supreme Court Declared Electoral Bonds Unconstitutional
  • Electoral Bonds Under Scrutiny in Supreme Court
  • Supreme Court’s Hearing on Electoral Bonds Scheme
  • Eligibility for Electoral Bonds Scheme

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Electoral Bonds Scheme in India

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Supreme Court Declared Electoral Bonds Unconstitutional

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Electoral Bonds Under Scrutiny in Supreme Court

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Eligibility for Electoral Bonds Scheme

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Below is the process to use the electoral bonds :...

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Following are the objectives of electoral bond scheme:...

Advantages of Electoral Bonds Scheme

The following are the advantages of electoral bond scheme:...

Disadvantages of Electoral Bonds Scheme

The following are the disadvantages of electoral bond scheme:...

Electoral Bonds UPSC

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FAQs on Electoral Bonds

What are Electoral Bonds?...