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Government approved 19th Tranche of Electoral Bonds

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The government has approved the issuance of the 19th tranche of electoral bonds, which will be open for sale from January 1 to 10, 2022, ahead of assembly elections in five states Uttar Pradesh, Uttarakhand, Punjab, Himachal Pradesh and Goa. In the 19th tranche of sale, the State Bank of India (SBI), has been authorised to issue and encash electoral bonds through its 29 specialised branches. There is no limit on the number of bonds an individual or company can purchase. An electoral bond will be valid for 15 days.

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About the Electoral bonds

Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding. However, Opposition parties have been raising concerns about alleged opaqueness in funding through such bonds.

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