The RTI data accessed by the Indian Express was for the 24th tranche, sold in December.Īn electoral bond is valid for 15 days from the date of issuance. However, just ahead of the Gujarat assembly election, the Union government amended the scheme to add another 15 days of sales in the years when elections to assemblies are held. The 23rd tranche of sales, between November 9 to November 15, 2022, was the first under the amended scheme. Until the 22nd tranche, electoral bonds were sold for a period of ten days each in the months of January, April, July and October, with the provision for an additional period of thirty days in the years when Lok Sabha elections are held. In Delhi alone, bonds worth Rs 7,603.33 crore were encashed, the newspaper reported.Īlso Read | Union Govt Never Sought Concurrence, Merely Informed EC About Electoral Bond Scheme Amendment: RTI Among all the tranches, the most bonds were purchased in Mumbai (Rs 3,163.57 crore), followed by Kolkata (Rs 2,408.71 crore), Hyderabad (Rs 2,030.35 crore) and New Delhi (Rs 1,760.94 crore). Since the scheme began in 2018, SBI has sold 20,734 electoral bonds that were worth Rs 11,699.83 crore, the bank said in response to the RTI application. “The remaining electoral bonds were redeemed in Hyderabad (Rs 21 crore) and Kolkata (Rs 17 crore),” IE said. In the New Delhi and Kolkata branches, bonds worth Rs 16.10 crore and Rs 16 crore respectively were sold.Īccording to the newspaper, Delhi remains the top choice for political parties to redeem the bonds – Rs 194.10 crore (83%) of the Rs 232 crore that was sold were encashed at SBI’s New Delhi branch. The sale of the bonds began on the day when the people of Gujarat voted in the second (and final) phase of the assembly election.īonds worth Rs 114 crore (nearly 50%) were sold in Mumbai, followed by Hyderabad (Rs 56 crore) and Chennai (Rs 30 crore). Right to Information (RTI) applications filed by the newspaper showed that while Mumbai was the most popular destination to purchase the bonds, Delhi continues to remain the city where a significant majority are redeemed.ĭata provided by the SBI – the only bank authorised to sell electoral bonds – regarding the 24th tranche of sales showed that 260 electoral bonds were sold between December 5 to December 12, 2022, according to IE. New Delhi: In the December 2022 window, electoral bonds worth Rs 232.10 crore were sold, according to the Indian Express.
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