RBI Notification Dated 29/05/2025 – Amends Government Securities STRIPS Regulations

The guidelines for Separate Trading of Registered Interest and Principal of Securities (STRIPS) of government securities has been amended. The key changes include the substitution of ‘PDO-NDS (Negotiated Dealing System)’ with ‘RBI Core Banking Solution (e-Kuber System)’ in section II, clause (1) for operational purposes. Now, all fixed coupon securities issued by the Government of India are eligible, regardless of maturity year. For State Government/Union Territory fixed coupon securities, eligibility is granted if they have a residual maturity of up to 14 years and a minimum outstanding value of ₹1,000 crore on the day of stripping. A condition for all eligible government securities is that they must qualify as eligible investments for Statutory Liquidity Ratio (SLR) and be transferable. 

(Link: RBI Notification Dated 29/05/2025)

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