SGB allotment: Applied for latest tranche of Sovereign Gold Bond? Here is how you can check your issuance status

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SGB Series 2023-24 Series IV opened for subscription on February 12, 2024, and closed for subscriptions on February 16, 2024. If you applied for the latest SGB tranche this month, you must be eager to know the allotment status. There are a few easy ways to check this.

“The simplest is to log in to your bank account online and view your purchase history. Most banks directly inform customers about SGB allotment through SMS or email notifications. Additionally, you can visit the RBI website and check the 'Press Releases' section for allotment details published periodically," said Ashish Aggarwal, Director, Acube Ventures If the application is successful, the allotment will take place on February 21st.

-If you've purchased SGBs online through a Demat account, access your account provided by your bank or brokerage firm. -Proceed to the "Portfolio" or "Holdings" section, where comprehensive details of your investments are available. -Within this section, locate the Sovereign Gold Bonds category to verify if the bonds have been allotted.

-If you have purchased SGBs offline, procure the certificate of holding from the issuing bank, Post Offices, or designated stock exchanges. -Examine the physical certificate for information about the allotment. -Ensure to check your email for confirmation as well.

Irrespective of the method of purchase, a digital copy of the certificate will be sent to you via email by the Reserve Bank of India (RBI) to the email address specified in the application form. The Reserve Bank of India issues the bonds on behalf of the Government of India. The investors are compensated at a fixed rate of 2.50 per cent per annum payable semi-annually on the nominal value.