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SBI's Affidavit In SC: 'Electoral Bonds Not Encashed By Parties Transferred to PM Relief Fund'
Times Now | March 13, 2024 6:44 PM CST

New Delhi: The State Bank of India (SBI) on Wednesday filed a compliance affidavit in the electoral bonds case, day after it sent all details of electoral bonds to the Election Commission as directed by the Supreme Court. In the affidavit, SBI has shared details of electoral bonds purchased and redeemed till February 15, 2024.

SBI affidavit apprised that in compliance of the top court’s order, date of purchase of each Electoral Bond, the name of the purchaser and the denomination of the Electoral Bond purchased has been furnished to the Election Commission of India.

The bank has also furnished the detail to the Election Commission regarding the date of encashment of the Electoral Bonds, the name of political parties who have received the contributions and the denomination of the said bonds, affidavit states. SBI says that the data has been furnished in respect of bonds purchased and redeemed between April 12, 2019 to February 15, 2024.

According to the data provided by SBI, a total of 3,346 electoral bonds were purchased between April 1, 2019 to April 11 the same year. A total of 1,609 bonds were redeemed, the data showed.

From April 12, 2019 to February 15, a total of 18,871 electoral bonds were purchased and 20,421 bonds were redeemed, the SBI data added.


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