Indian Polity Current Affairs Analysis
The government on Friday announced the sale of the 28th tranche of electoral bonds from October 4 to 13 at all authorised branches of the State Bank of India.
Electoral Bonds:
lBearer instrument
lPromissory Note
lInterest free banking instrument
lIt will not carry the name of payee
lValidity of the Bond: 15 Days
lEligible to Purchase:
A Citizen of India
a body incorporated in India
lDenominations:
Multiples of1,000, `10,000, `1,00,000, `10,00,000 and `1,00,00,000
lBonds available Month:
January, April, July, and October
Sale Window: 10 Days
lIn November 2022, the government amended the scheme to grant itself the power to declare an extra fortnight of electoral bond sales in years when States and Union Territories with a legislature have elections.
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