Most electoral bonds sold in Mumbai; Delhi comes top in encashing: RTI

ABOUT 65 per cent of all electoral bonds sold since the start of the scheme in 2018, till the most recent phase for which data is available (October 1-10, 2022). 62 per cent of the total bonds encashed during this period were at the New Delhi branch, according to a Right to Information (RTI) reply by SBI.

In a reply to transparency campaigner Commodore Lokesh Batra (retired) on November 23 this year, SBI data showed Mumbai (Rs 2,742.12 crore), Kolkata (Rs 2,387.71 crore) and Hyderabad (Rs 1,885.35 crore) were the top three branches for the sale of electoral bonds.