News India Election Commission makes data public on electoral bonds with serial numbers provided by SBI

Election Commission makes data public on electoral bonds with serial numbers provided by SBI

Earlier today, the State Bank of India provided all details of electoral bonds with serial numbers to the election body, as per the directives of the Supreme Court.

Security personnel stand guard outside the Election Commission of India (ECI) office, at Nirvachan Sadan in New Delhi. Image Source : PTISecurity personnel stand guard outside the Election Commission of India (ECI) office, at Nirvachan Sadan in New Delhi.

The Election Commission of India (ECI) on Thursday made public data on Electoral Bonds with serial numbers provided by the State Bank of India (SBI) earlier today to the poll body.

Two separate lists of the donors and the recipients were published by the poll panel on its website after the details were submitted to it by the State Bank of India earlier in the day as per a Supreme Court order.

The State Bank of India was the only bank authorised to sell and redeem the bonds, which were first issued in March 2018 and were being sold until the scheme was declared null and void by the top court last month.

The Election Commission said it has uploaded the data on electoral bonds on its website as received from SBI on "as is where is basis".

Earlier today, the State Bank of India told the Supreme Court that it has provided the Election Commission all details of electoral bonds, including the unique bond number that would reveal the link between the purchaser and the recipient political party.

In a compliance affidavit filed ahead of the 5 p.m. deadline set by the apex court, the SBI chairman said the complete bank account numbers and KYC details of the political parties which redeemed the bonds have not been made public as it may compromise the security of these accounts.

The SBI also said KYC details of purchasers have also not being made public for security reasons. It said complete bank account numbers and KYC details were not necessary for "identifying the political parties".

The affidavit said the SBI has revealed information which will show the name of the purchaser of the bond, its denomination and specific number, the name of the party that encashed it, the last four digits of the bank account number of political parties that redeemed the bond and the denomination and unique number of the bond encashed.

With inputs from PTI

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