ECI releases Electoral Bonds Data

ECI releases Electoral Bonds Data mind map
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ECI publishes data online
Following Supreme Court order
Data covers April 12, 2019, to February 15, 2024
Details uploaded on ECI's website
Supreme Court's order dated
February 15, 2024
March 11, 2024
SBI provided data on March 12, 2024
Data uploaded on March 13, 2024
To ensure transparency in political funding
Supreme Court invalidated Electoral Bonds Scheme
On February 15, 2024
Electoral Bonds Scheme
Introduced in 2017
For anonymous donations to political parties
Purchased from authorized banks
Donated to political parties for encashment
Unencashed within 15 days
Donated to Prime Minister's Relief Fund
Details SBI provided
Purchase date
Name of purchaser
Encashment details by political parties
Date of encashment
Denominations of encashed bonds
Transfer method to ECI
Pen drive with password-protected PDFs
Envelope with passwords and a letter to CEC
Data available on ECI's website
Access URL provided by ECI
Supreme Court of India
Directed ECI and SBI
State Bank of India (SBI)
Provided the data
Election Commission of India (ECI)
Published the data online
Chief Election Commissioner Rajiv Kumar
Received the data
SBI complied with Supreme Court's directive
Data transferred on a pen drive
Details enclosed in password-protected PDFs
Enhances transparency and disclosure in political funding
Reflects ECI's stance in favor of disclosure
Original scheme allowed anonymous donations
Raised concerns over transparency
Way Forward
Continued scrutiny and public disclosure of political funding mechanisms

The Election Commission of India (ECI) has released data on electoral bonds following directives from the Supreme Court of India. This initiative aims to enhance transparency in political funding by disclosing details of electoral bonds purchased and redeemed between April 12, 2019, and February 15, 2024. The data, which includes information such as the date of purchase, denomination, name of the buyer, and details of each electoral bond redeemed by political parties, was provided by the State Bank of India (SBI) and uploaded to the ECI’s website. This move comes after the Supreme Court invalidated the Electoral Bonds Scheme, initially introduced in 2017 to allow anonymous donations to political parties​​​​.

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