RBI has introduced a facility for the Separate Trading of Registered Interest and Principal of Securities (STRIPS) for State Government Securities (SGS). Eligible SGS for stripping or reconstitution must have a residual maturity of up to 14 years, a minimum outstanding value of ₹1,000 crore as of the stripping date, be eligible for Statutory Liquidity Ratio (SLR) requirements, and be transferable. Market participants holding SGL accounts with the RBI can submit requests directly through the e-Kuber system, while Gilt Account Holders will process requests via their custodians.