Of Rs. 5,896 crore raised through electoral bonds sold in the first eleven of the total twelve phases between March 1, 2018 and July 24, 2019, bonds with denomination of Rs 1 crore accounted for more than 91 per cent.
According to documents obtained by transparency activist Commodore Lokesh Batra (Retd) under the Right to Information (RTI) Act, almost 99.7 per cent of the total value of bonds sold in the above mentioned period was raised through the sale of bonds with denomination of Rs. 1 crore and Rs. 10 lakh.
The bonds were also available in the denomination of Rs. 1,000, Rs. 10,000 and Rs. 1 lakh. They together raised Rs. 15.06 crore.
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A total of 11,782 bonds were sold of which bonds with denomination of Rs. crore were 5,409 while those with denomination of Rs. 10 lakh were 4,723.
1,543 were of Rs 1 lakh denomination, 60 were of Rs. 10,000 denomination and 47 of Rs 10,000 denomination.
The maximum bonds being sold of the highest denomination available (Rs. 1 crore) show that the donation (money) came from the affluent.
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