Electoral Bonds worth Rs 222 crore sold in maiden issue
India is the first country to introduce such a system for electoral funding. These bonds are like promissory notes, unlike other debt instruments. The system allows donors to pay political parties with banks as an intermediary. The maiden sale of these bonds started on March 1 for a period of 10 days at the four main branches of State Bank of India in Mumbai, Chennai, Kolkata and New Delhi.
Last Updated: March 16, 2018 | 17:09 IST