SGB Allotment Status:- The applicants who have applied for the SGB (Sovereign Gold Bond scheme) are now able to check the allotment status of their application online as well as offline mode. The SGB scheme is started by the Government of India for interested individuals to invest their earned money in gold easily and safely. If you want to check the allotment status of your SGB via online mode then you need to visit the official website and follow the procedure. In this article, we will discuss how to check the SGB Allotment Status via online as well as offline mode. We are providing you detailed process to check the allotment status.
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SGB Allotment Status 2024 Key Highlights
| Name of Scheme | SGB Allotment Status Check 2024 |
| Started by | Government of India |
| Initiated by | Reserve Bank of India |
| Objectives | To Check the Status of SGB Allotment |
| Beneficiaries | Citizens of Indian |
| Official website |
Complete Overview of SGB Allotment Status
The Individuals who have applied for the SGB scheme can check the status of their allotment. Sovereign Gold Bonds SGBs are issued by the Reserve Bank of India on the behalf of Indian Government. Applicant can check the status of their allotment online on the official website SGB scheme. Applicants can also check the status of their SGB allotment via offline mode by visiting their nearest post office. The Sovereign Gold Bond will appear in the demat account of the investor after about 1 week of allotment.
Details of Sovereign Gold Bond Scheme
A Sovereign Gold Bond (SGB) is a financial scheme which is introduced by the Government of India in the year 2015. This scheme will help individuals to easily invest in gold in paper form rather than owning the physical gold. It is a government security denominated in grams of gold. Under the sovereign gold bond scheme, the investor will get a certificate that represents their ownership of a certain amount of gold. SGB scheme 2024 provides an easy opportunity for individuals to invest in gold without any need for physical storage of the gold. In SGB scheme investors will get the advantage of earning interest on the investment in SGB.
Features and Benefits of SGB Scheme 2024
SGBs are allotted by the Reserve Bank of India on the behalf of Indian Government. It means this is a safe way to invest your hard-earned money. But we would like to suggest that you should read the terms and conditions of SGB scheme carefully before investing. Here we are sharing the key features and benefits of Sovereign Gold Bond.
- SGB is issued by the government, which means it is a safe way to invest our money.
- An investor will get a certificate of holding on their investment. This certificate is issued by the Government of India
- The Sovereign Gold bond (SGB) is denominated in grams of gold and investors can choose the amount of gold they want to invest in.
- SGBs offer an annual interest rate, which is paid semi-annually.
- The interest in sovereign gold bonds is fixed and it is linked to the current market rate.
- The tenure of the bond is usually 8 years but you can also exit after the 5th year on interest payment dates.
- The maturity amount is paid in cash and it is based on the current market price of gold at the time of redemption.
- You can buy/sell your SGB on stock exchanges if want to exit before the maturity of your gold bonds
- Investors in SGB Scheme are exempted from Capital gains tax
Important Document Required
- Aadhar card
- PAN card
- Domicile certificate
- Bank account details
- Email ID
- Phone number
Eligibility for SGB Scheme 2024
- Indian Citizens
- Hindu Undivided Families (HUFs)
- Trusts
- Universities
- Charitable institution
How to Check SGB Allotment Status Check Online
You can follow the below-mentioned detailed process to check the status online
- Firstly, visit the official website of your bank
- A homepage will appear on your screen
- On the homepage, enter your login credentials like username, password, captcha code, etc, and click on login
- After logging, you can check the purchase history of your SGB.
- We would like to tell you that almost every bank in India notifies its customers about SGBs via SMS or Email notifications.
How to Check Status if Purchased Through Demat Account
If you have purchased sovereign gold bond through your demat account than you can follow the below mentioned process
- First login into your demat account by using your login credentials
- After logging in, check for portfolio or Holding tab
- Click on it, after clicking on it you will find the details of your investment
- In the detail section, search for Sovereign gold bond category
- In the SGB category check the allotment status of you sovereign gold bonds.
How to Check SGB Allotment Status Via Offline Mode
To check the status of your SGB via offline mode you have to visit your nearest post office, your bank branch or the office of your designated stock exchange. They will provide you the physical certificate of holding/allotment. Check the certificate carefully.