Electoral bonds are the method of Political Funds where bonds are purchased by donors as and can be anonymously donated to political parties.

Double-edged sword Positive: Ensures anonymity to donors. Protects from political victimization. Reduce use of funds ruling party can black money. People secrecy of donations with bank. Ensure adequate fielding for party. Electoral bonds have legitimized opacity in electoral funding.

Effectively armored the corporate restriction limit on electoral funding. No need for parties to disclose donations to election commission. Majority of donations are going to ruling party. Many smaller parties more vulnerable. Even foreign funding can be routed through the route. Further corporate political vision. Against the informed choice of voters. To certain extent electoral bonds legitimized opacity but it promotes the use of white money for political funding. There is a need for reforms like disclosing details to election commission, details of large donors should be made public.