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64.74% of electoral bonds redeemed between March 2018 and November 2022

An individual can buy bonds, either singly or jointly with other individuals. No limit exists on the number of electoral bonds that a person or corporate entity can purchase

Electoral bonds for political donations likely to fail the tax test
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Aditi Phadnis
A Supreme Court Bench, comprising Chief Justice of India Dhananjaya Yeshwant Chandrachud and Justice Pamidighantam Sri Narasimha, in February this year directed the electoral bond matter to be listed in the third week of March.

The scheme, notified on January 2, 2018, allows individuals (who are citizens of India) and home-grown companies to donate these bonds — issued in multiples of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh, and Rs 1 crore — to political parties of their choice that have to redeem them within 15 days.

An individual can buy bonds, either singly or jointly with

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