Political parties redeem 99.15% electoral bonds
SBI informs Supreme Court that 22,030 were encashed by political parties out of 22,217 electoral bonds purchased by donors between Apr 1, 2019, and Feb 15 this year
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New Delhi: The State Bank of India (SBI) on Wednesday told the Supreme Court that a total of 22,217 electoral bonds were purchased by donors between April 1, 2019, and February 15 this year, out of which 22,030 were redeemed by political parties. In a compliance affidavit filed in the apex court, the SBI said as per the court’s direction, it has made available the details of electoral bonds to the Election Commission of India (EC) before the close of business hours on March 12.
It said details, including date of purchase of each electoral bonds, names of the purchaser and the denomination of the bonds purchased have been furnished. The affidavit, filed by SBI’s chairman Dinesh Kumar Khara, said the bank has also furnished to the EC details like date of encashment of the electoral bonds, the names of political parties, which received the contributions and the denominations of the bonds.
“A total number of 22,217 bonds were purchased during the period April 1, 2019 till February 15, 2024. At the time of collating the information for the ECI, the details were segregated as below,” it said.
