Salient features include:
- Electoral bond is a promissory note and a bearer banking instrument without buyer or payee name.
- Purchasable by a citizen of India or entities incorporated or established in India.
- Usable only for registered political parties securing at least 1% of votes in the last general election.
- Encashable by eligible political parties only through a bank account with an authorized bank.
- Issued in denominations of ₹1,000, ₹10,000, ₹1,00,000, ₹10,00,000, and ₹1,00,00,000.
- Buyer information is confidential by the authorized bank, disclosed only when demanded by a competent court or for criminal cases.