SBI issues Electoral Bonds worth Rs 16,518 cr in 30 tranches
Tue, Feb 6, 2024 1:02 AM

SBI issues Electoral Bonds worth Rs 16,518 cr in 30 tranches

A Flip by Shubhangi Gupta
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SBI has issued Electoral Bonds worth Rs 16,518 crore through 30 tranches since 2018 to ensure clean political funding. No GST or taxes are charged on these bonds. The government has paid a commission of Rs 8.57 crore to SBI and Rs 1.90 crore to SPMCIL for issuance and redemption. Another initiative by the government is the online portal for refund claims from Sahara Group.

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