The applicant can check the allotment status for the Sovereign Gold Bond Scheme. All the applicants who have applied for the sovereign gold Bond scheme can now go to the official website to check the allotment status. To check the Sovereign Gold Bond Scheme the applicants can just go to the official website and fill out some details to check the allotment status. The applicants can also check their Sovereign Gold Bond Scheme allotment status offline by just going to their nearest post office. Only the applicants who have already applied for the Sovereign Gold Bond Scheme are eligible to check their allotment status online or offline.
Overview of SGB Allotment Status
The Government of India has announced the allotment status for all the applicants who have applied for the Sovereign Gold Bond Scheme. The applicants can just go to the official website to check their SGB Allotment Status for the Sovereign Gold Bond Scheme. If the applicant does not have access to check the allotment status online he can also check the allotment status offline by just going to the nearest post office. Once allotted, SGBs will be credited to your Demat account after which you can monitor their periodic interest payouts. The interest rate for the Sovereign Gold Bond Scheme is fixed by the government at 2.5% per annum.
What is Sovereign Gold Bond Scheme?
The government has announced the Sovereign Gold Bond Scheme series IV for the citizens of India who want to invest in gold. All the citizens of India who want to invest in gold but do not want to keep their physical assets can invest in the Sovereign Gold Bond Scheme. The Reserve Bank of India has fixed the price of gold under the Sovereign Gold Bond Scheme is INR 6,263 per gram. The tenure of the Sovereign Gold Bond 2024 is 8 years but the investors can make a premature redemption after 5 years of the investment. With the help of this scheme, the citizens of India can invest in Gold without keeping the physical asset.
Key Highlights of Sovereign Gold Bond Scheme
| Name of the scheme | Sovereign Gold Bond Scheme |
| Launched by | Government of India |
| Objective | Check allotment status |
| Beneficiaries | Citizens of India |
| Official website |
Required Documents to Check Status
- Aadhar card
- PAN card
- Domicile certificate
- Bank account details
- Email ID
- Active mobile number
Also Read: SBI Green Rupee Term Deposit Scheme
Sovereign Gold Bond Series Wise Details
| Tranche | Date of Subscription | Date of Issuance | Issue price |
| 2023-24 Series I | June 19 – June 23, 2023 | June 27, 2023 | Rs 5,926 per gram |
| 2023-24 Series II | Sep 11-Sep15, 2023 | September 20, 2023 | Rs 5,923 per gram |
| 2023-24 Series III | Dec18 – Dec 22, 2023 | December 28, 2023 | Rs 6,199 per gram |
| 2023-24 Series IV | Feb 12 – Feb 16, 2024 | February 21, 2024 | Rs 6,213 per gram |
Benefits of Sovereign Gold Bond Scheme
- The applicants can just go to the official website to invest in the Sovereign Gold Bond Scheme.
- With the help of the Sovereign Gold Bond Scheme, the applicants can keep gold without keeping the physical asset.
- The interest under the Sovereign Gold Bond Scheme is 2.5% per annum.
- The tenure of the Sovereign Gold Bond Scheme is 8 years but the investors can make a premature withdrawal after the completion of 5 years.
- The risk under the scheme is very low because the price of gold is fixed by the authorities.
How to Check SGB Allotment Status Online?
- If the applicant has purchased SGBs online through a Demat account, access your account provided by your bank or brokerage firm.
- Click on the option Portfolio or Holdings.
- You will find comprehensive details of your investments there.
- Within this section, locate the Sovereign Gold Bonds category to verify if the bonds have been allotted.
- If you are bonds are verified you will see your Sovereign Gold Bonds there.
How to Check SGB Allotment Status Offline?
- To Check SGB Allotment Status Offline you can follow these easy steps.
- Procure the certificate of holding from the issuing bank, Post Offices, or designated stock exchanges.
- Check the physical certificate for information about the allotment of SGB.
- Make sure to check your email address for confirmation as well
FAQs
The applicants can check their SGB allotment status online and offline in easy steps.
The rate of interest under the Sovereign Gold Bond Scheme is fixed by the government at 2.5% per annum.
The tenure of Sovereign Gold Bond Scheme is 8 years.