The State Bank of India (SBI) on March 13 informed the Supreme Court that details of electoral bonds anonymously purchased by contributors and encashed by political parties between April 2019 and February 15, 2024 were hand-delivered to the Election Commission of India (ECI) in order to facilitate public disclosure of political funding.
The SBI said a total of 22,217 electoral bonds were purchased and 22,030 were redeemed by political parties between April 1, 2019, and February 15, 2024.
From April 1, 2019 to April 11 the same month, 3,346 bonds were purchased and 1,609 were redeemed by parties. Between April 12, 2019, and February 15, 2024, donors bought 18,871 bonds and 20,421 were redeemed by parties, the SBI affidavit said.
