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What is the security deposit amount: which a candidate contests election for the posts of President and Vice President of India has to tender ?

What is the security deposit amount: which a candidate contests election for the posts of President and Vice President of India has to tender ? Correct Answer Rs 15,000 each

The correct answer is Rs. 15,000 each.

Key Points

  • President must be subscribed by at least 50 electors as proposers and 50 electors as seconders. Every candidate has to make a security deposit of Rs 15,000 in the Reserve Bank of India. The security deposit is liable to be forfeited in case the candidate fails to secure one-sixth of the votes polled. Before 1997, the number of proposers and seconders was ten each and the amount of security deposit was Rs 2,500. In 1997, they were increased to discourage the non-serious candidates.

Additional Information

  • A person to be eligible for election as President should fulfill the following qualifications
    • He should be a citizen of India.
    • He should have completed 35 years of age.
    • He should be qualified for election as a member of the Lok Sabha.
    • He should not hold any office of profit under the Union government or any state government or any local authority or any other public authority.
  • A sitting President or Vice-President of the Union, the Governor of any state, and a minister of the Union or any state is not deemed to hold any office of profit and hence qualified as a presidential candidate
  • A candidate who contests election for the posts of President and Vice President of India has to tender the security deposit amount is Rs 15,000 each.

Related Questions

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