WHAT IS LOSING DEPOSIT IN ELECTION?

According to the Representation of People Act, 1951, it is mandatory for every candidate contesting a Parliamentary or Assembly election to deposit a certain security amount. To contest a Parliamentary election, the amount is Rs 25,000 and in case of an Assembly election, it is Rs 10,000. This amount is deposited with the Election Commission and is called a security deposit in the election. The deposit amount is mandated to ensure only serious candidates file nomination to contest elections. The Election Commission of India takes many steps to conduct free and fair parliamentary and assembly elections in the country. So the deposit of security amount is one of them.