FPIs may apply for investment limits online to Clearing Corporation of India (CCIL) through their respective custodians.
Fresh investments in bonds were Rs 61,900 crore during the year, the slowest since 1985-86.
The premium fell 5-10 basis points across maturities Monday.
Bond yields dipped Monday pushing prices up and the rupee gained more than 1%. Votes will be counted Thursday.
China said it would impose higher tariffs on a range of US goods from June 1.
SBI is the only commercial bank which has been authorised by the Centre to issue electoral bonds.
Kerala Infrastructure Investment Fund Board will list $305 million of Masala bonds on the LSE on Friday.
The insatiable appetite for U.S. corporate bonds from foreign investors shows no signs of abating.
Demand for Indian bonds is seen picking up as bets emerge that the RBI will cut rates again.
Electoral bonds of Rs 1365.69 crore were sold in March, which shot up by 65.21 per cent in April to Rs 2256.37 crore.
The tenure and rates offered could not be independently verified with the company.
The limits for FPI investment in SDLs is 2 per cent of outstanding stock of securities.