Understanding Electoral Bonds: A Controversial Mechanism in Indian Politics
What are Electoral Bonds? Electoral bonds are interest-free bearer bonds or financial instruments available in denominations ranging from Rs 1,000 to Rs 1 crore. These bonds can be purchased by individuals and companies from authorized branches of the State Bank of India (SBI). One distinctive feature of electoral bonds is their anonymity, as the name and other details of the donor are not recorded on the instrument, making the transactions opaque.