Lok Sabha Question No. 727 (UNSTARRED), answered on 2018-12-14
Subject: Sale of Electoral Bonds
Ministry: FINANCE
Asked by: POONAM  MAHAJAN

## Government of India Ministry of Finance Department of Economic Affairs

LOK SABHA UNSTARRED   QUESTION NO.727 TO BE ANSWERED ON FRIDAY, 14 th  DECEMBER 2018 AGRAHAYANA 23, 1940 (SAKA)

## 'SALE OF ELECTORAL BONDS' Question

## 727.  SHRIMATI  POONAM MAHAJAN:

Will the Minister of FINANCE   ( वित्त मंत्री ) be pleased to state:

- (a) whether the Government has initiated the fourth, fifth and sixth phase of sale of Electoral Bonds under the aegis of the Electoral Bond Scheme 2018 as authorised to the State Bank of India to issue and encash electoral bonds through its 11 authorised branches;
- (b) if so the details thereof including the total amount collected through purchase of electoral bonds by the authorised bank, branch-wise; and
- (c) the action taken by the Government regarding the amount of bonds that was not redeemed during the previous sale of electoral bonds in all the phases of the sale of bonds?

## ANSWER

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## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI P. RADHAKRISHNAN)

- (a) &(b):   The Government as per the terms & conditions of the Notification (issued on 2.1.2018) on Electoral Bond Scheme, 2018, the fourth (July 02-11, 2018), fifth (Oct. 01-10,  2018)  and  sixth  (Nov.  01-10,  2018)  phase  of  sale  of  electoral  bonds  were initiated through State Bank of India (authorised Bank) during July 02-11, 2018, Oct. 01-10,  2018  and  Nov.  01-10,  2018,  respectively.  The  sale  of  electoral  bonds  was through 11 branches in fourth phase and 29 branches in fifth & sixth phase. Bank-wise details with amounts received against each branch of SBI are provided below:

| Table: Details of Sale of Electoral Bonds (EB) in 4 th , 5 th & 6 th Phase   | Table: Details of Sale of Electoral Bonds (EB) in 4 th , 5 th & 6 th Phase   | Table: Details of Sale of Electoral Bonds (EB) in 4 th , 5 th & 6 th Phase   | Table: Details of Sale of Electoral Bonds (EB) in 4 th , 5 th & 6 th Phase   | Table: Details of Sale of Electoral Bonds (EB) in 4 th , 5 th & 6 th Phase   |
|------------------------------------------------------------------------------|------------------------------------------------------------------------------|------------------------------------------------------------------------------|------------------------------------------------------------------------------|------------------------------------------------------------------------------|
| No.                                                                          | Branch Name                                                                  | Phase IV                                                                     | Phase V                                                                      | Phase VI                                                                     |
| 1                                                                            | Bangaluru Main Branch                                                        | -                                                                            | 29.00                                                                        | 2.00                                                                         |
| 2                                                                            | Bhubaneshwar Main Branch                                                     | -                                                                            | 15.00                                                                        | -                                                                            |
| 3                                                                            | Chandigarh Main Branch                                                       | -                                                                            | 1.00                                                                         | 0.30                                                                         |
| 4                                                                            | Chennai Main Branch                                                          | -                                                                            | 25.00                                                                        | -                                                                            |
| 5                                                                            | Gandhinagar Branch                                                           | 0.50                                                                         | 0.50                                                                         | 5.00                                                                         |
| 6                                                                            | Guwahati                                                                     | 2.50                                                                         | -                                                                            | -                                                                            |
| 7                                                                            | Hyderabad Main Branch                                                        | -                                                                            | 47.90                                                                        | 57.40                                                                        |

| Table: Details of Sale of Electoral Bonds (EB) in 4 th , 5 th & 6 th Phase   | Table: Details of Sale of Electoral Bonds (EB) in 4 th , 5 th & 6 th Phase   | Table: Details of Sale of Electoral Bonds (EB) in 4 th , 5 th & 6 th Phase   | Table: Details of Sale of Electoral Bonds (EB) in 4 th , 5 th & 6 th Phase   | Table: Details of Sale of Electoral Bonds (EB) in 4 th , 5 th & 6 th Phase   |
|------------------------------------------------------------------------------|------------------------------------------------------------------------------|------------------------------------------------------------------------------|------------------------------------------------------------------------------|------------------------------------------------------------------------------|
| S. No.                                                                       | Branch Name                                                                  | Phase IV                                                                     | Phase V                                                                      | Phase VI                                                                     |
| 8                                                                            | Jaipur Main Branch                                                           | -                                                                            | 21.50                                                                        | -                                                                            |
| 9                                                                            | Kolkata Main Branch                                                          | 1.50                                                                         | 62.62                                                                        | 97.00                                                                        |
| 10                                                                           | Mumbai Main Branch                                                           | 13.00                                                                        | 150.70                                                                       | 6.00                                                                         |
| 11                                                                           | New Delhi Main Branch                                                        | 15.00                                                                        | 46.01                                                                        | 12.50                                                                        |
| 12                                                                           | Raipur Main Branch                                                           | -                                                                            | 2.50                                                                         | 4.00                                                                         |
|                                                                              | Total                                                                        | 32.50                                                                        | 401.73                                                                       | 184.20                                                                       |
| Total Sale of EBs in phase IV, V and VI:                                     | Total Sale of EBs in phase IV, V and VI:                                     | Total Sale of EBs in phase IV, V and VI:                                     | Total Sale of EBs in phase IV, V and VI:                                     | 618.43                                                                       |

No amount was received in the 17 other authorised branches by sale of electoral bonds.

(  c)  As  per  para  12  (2)  of  the  Notification  dated  12.1.2018,  the  amount  of  bonds  not encashed within the validity period of fifteen days be deposited to the Prime Minister's National Relief Fund. Accordingly, ` 11.20 crore relating to electoral bonds, which were not encashed by political parties  had been remitted to Prime Minister's National Relief Fund by the completion of 6 th phase.

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