Electoral Bond Sale Jumps 157% In Poll Season, Touches Rs 3,622 Crore

Electoral bonds worth over Rs 3,622 crore were sold by the State Bank of India (SBI) in March and April this year, an RTI response has said.

In a response provided to Pune-based Vihar Durve, the SBI said electoral bonds of Rs 1365.69 crore were sold in March, which shot up by 65.21 per cent in April to Rs 2256.37 crore.

In April, most electoral bonds were sold in Mumbai at Rs 694 crore, followed by Rs 417.31 crore in Kolkata, Rs 408.62 crore in New Delhi and Rs 338.07 crore in Hyderabad among other cities, it said.