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Furnished all details of Electoral Bonds with serial numbers to EC, SBI tells SC

By Jhanak Sharma      21 March, 2024 07:22 PM      0 Comments
Furnished all details of Electoral Bonds with serial numbers to EC SBI tells SC

NEW DELHI: The State Bank of India on Thursday filed a compliance affidavit in the Supreme Court, saying that it has furnished all the details of Electoral Bonds with serial numbers to the Election Commission for publishing the information on the website. 

"On March 21, we have provided/disclosed all the details of the electoral bonds which are in our possession and custody to the Election Commission of India," the affidavit by the SBI's chairman Dinesh Kumar Khara said.

Also Read -  SC rejects plea to direct SBI reveal details of EBs prior to April 12, 2019

It said that the prefix and the bond number is infact the alphanumeric number.

However, the bank said keeping in view the security of the account holders (cyber security), the complete bank account numbers and KYC details of the political parties are not being made public.

Similarly, KYC details of purchasers are also not being made public for security reasons, apart from the fact that such information is not fed/collated in the system. However, they are not necessary for identifying the political parties, the SBI said.

Also Read - 'Court won't normally stay law,' SC on plea to restrain Govt on appointment of ECs as per new law

The apex court had on March 18 directed SBI to make a complete disclosure of all details of the electoral bonds which are in its possession and custody, in terms of the directions passed in the February 15 judgment by the Supreme Court's five-judge Constitution bench.

The SBI said that it revealed information (alongwith that already disclosed) which will show, the name of the purchaser of the bond, the denomination and specific number of the bond. It also said that the name of the party that has encashed the bond, and also last four digits of the bank account number of political parties had been disclosed.

The SBI has said that all the details had been disclosed and that no details (other than complete account numbers & KYC details) have been withheld from disclosure in terms of the directions.

On March 18, the SC had ordered the SBI to submit and disclose all the details of Electoral Bond data available with the bank including the alphanumeric numbers.

Also Read - SBI Provides Electoral Bonds Data to Election Commission in Digital Format



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