what are electoral bonds?

 Electoral bonds are financial instruments introduced in India in 2018 to increase transparency in political funding. They function as promissory notes that can be purchased by individuals or corporations and donated to political parties. The bonds can be redeemed by the political parties through designated banks. The identity of the donor is kept anonymous, making the bonds controversial as they provide a way for anonymous funding of political parties. The use of electoral bonds has been challenged in the courts, with critics arguing that they undermine transparency in political funding.