2022
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
BOI
|
|
|
SBI
|
|
|
PNB
|
|
|
BOB
|
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.
Detailed explanation-2: -SBI is the only authorised bank to issue electoral bonds. An electoral bond will be valid for 15 days from the date of issuance. No payment would be made to any political party if the bond is deposited after expiry of the validity period, the statement said.
Detailed explanation-3: -State Bank of India (SBI) is the only bank authorised to issue EBs to political parties. “An amount of Rs 1.90 crore, inclusive of GST, has been levied to the government so far towards printing of Electoral Bonds,” the RTI reply said.
Detailed explanation-4: -For instance, the 22nd tranche of bond sales took place from October 1-10, 2022 while 21st tranche was from July 1-10, 2022. Sale of the first batch of electoral bonds happened from March 1-10, 2018. SBI is the only authorised bank to issue electoral bonds.
Detailed explanation-5: -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.