• Available in denominations ranging from Rs. 1,000 to Rs. 1 crore.
• Purchased from authorized State Bank of India (SBI) branches through accounts complying with Know Your Customer (KYC) norms.
• Exempt from disclosure requirements, providing anonymity to donors.

Key aspects of electoral trusts include:

• Any company registered under Section 25 of the Companies Act, 1956, can form an electoral trust.
• Donors to electoral trusts include individuals, companies, firms, Hindu Undivided Families (HUFs), or associations of persons living in India.
• Electoral trusts must donate at least 95% of contributions received in a financial year to registered political parties.
• Require renewal every three financial years.

Supreme Court's Ruling on Electoral Bonds: The Supreme Court of India has addressed the issue of transparency and accountability in political funding through electoral bonds. Key rulings and directives include:

• In an interim order dated April 12, 2019, the Supreme Court directed political parties receiving donations through electoral bonds to submit details of the bonds to the Election Commission of India (ECI).
• The Court emphasized the importance of disclosing particulars of donors, including the amount of each bond and credit details, to ensure transparency.
• A subsequent ruling referred the case to a five-judge bench to address constitutional challenges and broader issues related to political funding and transparency.
• Petitioners have sought to declare all political parties as public offices under the Right to Information Act, compelling them to disclose income and expenditure details.