The last day to pay the presidential nomination amount is June 28. Photograph: (Zee News Network)
India's federal government may be goading the country to go cashless and instead use e-wallets or bank cards but presidential candidates will have to pay their nomination amount in hard cash.
There are two ways a candidate can pay the nomination amount.
The person can either deposit the amount with the returning officer while filing their nomination papers or pay the money to the Reserve bank of India, the country's central bank.
The last day of nomination is June 28.
So far, 15 people have submitted their papers for the country's top post, of which seven have been disqualified due to lack of proper documents.
The remaining candidates are also liable to be rejected at the time of scrutiny as none had the signatures of 50 proposers and as many seconders from the list of electors -- essential for a valid nomination.
Elected members of the Lok Sabha and the Rajya Sabha and of state legislative assemblies are the electors.
The presidential poll is scheduled to be held on July 17 from 10 am to 5 pm (Indian Standard Time) while the counting of votes is on July 20.
The president of India is elected by an electoral college consisting of national- and state-level lawmakers.
This year's presidential polls is likely to be a close affair, with both the ruling Bharatiya Janata Party and opposition parties led by Congress are looking to drum up support for their chosen candidates.
Although nothing is confirmed, Lok Sabha Speaker Sumitra Mahajan, tribal leader Draupadi Murmu and 'Metro man' E Sreedharan are possible BJP candidates.
The Congress and other opposition parties might put forward former West Bengal Governor Gopalkrishna Gandhi and former Lok Sabha Speaker Meira Kumar's names for the presidential polls.
(With inputs from ANI)
Presidential candidates will have to pay Rs 15,000 in hard cash to be in the reckoning