BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The finance ministry has announced that the sixth tranche of electoral bonds sale has been started. Which bank is the only authorised bank to issue such bonds?

A	PNB
B	ICICI
C	BOB
D	None of the above option is true

Explanation:

Detailed explanation-1: -State Bank of India (SBI), in the XXIII Phase of sale, has been authorised to issue and encash Electoral Bonds through its 29 Authorized Branches (as per list enclosed) w.e.f. 09.11. 2022 to 15.11. 2022. 3.

Detailed explanation-2: -5. The bond shall be encashed by an eligible political party only through a designated bank account with the authorised bank.

Detailed explanation-3: -Q. Which is the only authorised institution for sale and encashment of electoral bonds in India? Notes: The Government authorised sale and encashment of electoral bonds through 29 branches of State Bank of India (SBI) across the country.

Detailed explanation-4: -The Electoral Bonds shall be valid for fifteen calendar days from the date of issue and no payment shall be made to any payee Political Party if the Electoral Bond is deposited after expiry of the validity period.

There is 1 question to complete.