Election Donation Criteria Electoral Bonds Which Political Parties Cannot Receive Donations This Is The Rule

There has always been controversy regarding donations received by political parties. For the last few years, political parties have been receiving donations under the new system, which we know as Electoral Bonds. There is an uproar regarding this matter once again just before the Lok Sabha elections and a hearing is going on in the Supreme Court. Meanwhile, today we are going to tell you which are the political parties which cannot receive election donations. That means no one can issue electoral bonds for these parties.

How is the sale done?
Electoral bonds are issued by State Bank of India. That means if you want to buy bonds, you will have to buy them from SBI. The smallest bond is of Rs 1,000 and the largest is of Rs 1 crore. However, there is no limit on the number of bonds one can buy. During the election season, the sale of electoral bonds increases tremendously and political parties become rich.

Necessary condition for receiving donation
Now let us also know the answer to that question that which are those political parties which cannot receive these election donations. Actually, electoral bonds can be issued only to those parties which have received recognition from the Election Commission, i.e. the party has been registered. Apart from this, the vote share of the party receiving election donations should be 1 percent or more in the Lok Sabha or Assembly elections.

The rules regarding election donations have been made very easy, any person, group or corporate company can buy them. The political party has to encash this bond within 15 days of its issuance. Before every Lok Sabha election, political parties, especially the party in power, receive huge donations.

Also read – Electoral Bonds: How are electoral donations given, in which bank are electoral bonds available?