How long will it take for allotment of SDL, T-bills and G-Secs?
The time taken for allotment of SDL, T-Bills and G-Secs are as follows:
|Type of security||Auction day||Settlement time (Holidays excluded)|
Once the units are allotted, a contract note will be sent to the registered email ID. The settlement date of the current and past issues can be checked on NSE (WEB).
These securities are issued for limited amounts, and there is no guarantee of allotment if the number of bids received is higher than the issue size. However, if the allotment is not received, attempts can be made at the next auction. RBI carries out multiple issues a month. See Where can I check the schedule for G-secs auctions? to know the upcoming schedule for SDL, T-bills, and G-secs.