RBI Introduces STRIPS for State Government Securities

  Published 1 year ago

RBI introduces STRIPS for eligible State Government Securities (SGS) from May 29, 2025, expanding existing stripping facilities for Central Government securities.

  • Eligible SGS includes fixed coupon, up to 14-year maturity, ₹1,000 crore minimum SLR eligible transferable.
  • SGL account holders use e-Kuber; Gilt Account holders via custodians for stripping/reconstitution requests.
  • STRIPS in SGS will have ISIN and nomenclature similar to Central Government dated securities.

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