Political Fundings, Banks and Electoral Bonds

Authored by:

Amit Rajgopal Dravid

Research Scholar, Yashwantrao Chavan Law College Research Centre, Parvati, Pune

Dr. Ranjana Prithviraj Patil

Principal, PDEA’s Law College, Hadapsar, Pune / Research Guide, Yashwantrao Chavan Law College Research Centre, Parvati, Pune

Abstract

The electoral bonds scheme was introduced in India to ensure transparency in political funding while protecting donor anonymity. However, the scheme has sparked debates over its effectiveness, legal validity, and implications for democracy. This paper critically examines the electoral bonds system, its impact on political financing, and concerns about corruption, accountability, and corporate influence. By analyzing judicial precedents, legislative frameworks, and recent controversies, this study highlights the potential risks and benefits of the scheme. The findings suggest that while electoral bonds aim to reform political funding, their opaque nature raises significant concerns about transparency and democratic integrity.

Keywords: Electoral Bonds, SBI, RBI, Political Fundings.