Any citizen of India can subscribe to these electoral bonds which are issued by the State Bank of India. Non-resident Indians who are citizens of India can also do so. The bonds can be purchased for any value in multiples of Rs1,000, Rs10,000, Rs100,000, Rs10 million and Rs10 million. These bonds will be bearer bonds and the identity of the subscriber will not be shown. The bonds can be given as a donation to any political party registered with the Election Commission which had secured not less than one per cent of the votes polled in the last parliamentary election or state legislative assembly election.