When will I know the results of my Savings Bonds application? How do I know how much Savings Bonds I have received? What happens if my application is unsuccessful or partially filled?

mas

Source: https://www.mas.gov.sgLast updated 24d ago

MAS will perform the allotment and announce the overall application results on the 3rd last business day of the month. You will be able to view the results on the Savings Bonds website (www.mas.gov.sg/ssb).
The two important figures to look out for are:
- The cutoff amount: if the amount of Savings Bonds you have applied for is equal or less than the cutoff amount, you will receive the full amount you applied for. If the amount you applied for is above the cutoff amount, you will receive either (i) the cutoff amount, or (ii) $500 more than the cutoff amount.
- Random allotment %: this is the chance that you will receive an additional $500 of Savings Bonds if your application is above the cutoff amount.
If your application is successful, the Savings Bonds will be credited into your CDP account (for cash subscriptions) or SRS account (for SRS subscriptions) on the issuance date. This information will also be updated on the Savings Bonds portal one day after the issuance date.
If your application is unsuccessful or partially filled,
- For cash applications, any excess money will be refunded by the next business day after allotment day. You can check the amount refunded with the bank through which you applied for Savings Bonds.
- For SRS applications, banks will release the earmarked SRS funds back to your SRS account by the next business day after allotment day.

This information provided here is sourced from the MAS website.

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