IndusInd Bank Launches Capital Gains Account Scheme
Mumbai, March 26, 2026: IndusInd Bank today announced the launch of a Capital Gains Account Scheme (CGAS), enabling customers to park long-term capital gains until reinvestment and avail tax exemptions under the Income-tax Act of 1961. The scheme allows customers to hold unutilized capital gains and make informed reinvestment decisions within statutory timelines.The launch follows authorization from the Central Board of Direct Taxes (CBDT) permitting IndusInd Bank to accept deposits under the Capital Gains Account Scheme, 1988.
Under the scheme, the bank will accept deposits of unutilized proceeds from the sale of eligible capital assets, including residential properties, flats, farmhouses, agricultural land, urban land, and land in Special Economic Zones (SEZs).
IndusInd Bank offers two account options under CGAS:
- Type A - Savings Account: Allows flexible deposits and withdrawals with no minimum balance and applicable savings interest.
- Type B - Term Deposit Account: Offers fixed-tenure deposits with a minimum deposit of ₹10,000 and higher returns aligned with reinvestment timelines.
The scheme is available at authorized non-rural IndusInd Bank branches for eligible customers, including resident individuals, Hindu Undivided Families (HUFs), non-individual entities, and Non-Resident Indians (NRIs).
ABOUT INDUSIND BANK
IndusInd Bank Limited has been redefining banking for 31 years. As of December 31, 2025, IndusInd Bank serves around 42 million customers through 3,120 branches/banking outlets and 3,063 ATMs, reaching 1.62 lac villages across India. The bank holds clearing bank status for BSE and NSE and settlement bank status for NCDEX.Source:
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