What do you mean by electoral bonds ???
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Electoral Bond is a financial instrument for making donations to political parties. The bonds are issued in multiples of Rs. 1,000, Rs. 10,000, Rs. 1 lakh, Rs. 10 lakh and Rs. 1 crore without any maximum limit.
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Explanation:
Introduced with the Finance Bill (2017), Electoral Bonds allow donors to pay political parties with banks as an intermediary. These bonds can only be issued by the State Bank of India. Range of a bond - Rs 1000 to Rs 1 crore.
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