IndusInd Bank Launches Capital Gains Account Scheme for Tax Exemptions
IndusInd Bank launched the Capital Gains Account Scheme (CGAS) to enable tax exemptions on long-term capital gains until reinvestment. The scheme, authorized by CBDT, accepts deposits of unutilized proceeds from asset sales. It offers Savings (Type A) and Term Deposit (Type B) options for individuals, HUFs, entities, and NRIs.
The scheme is expected to attract new customers and deposits, potentially increasing the bank's CASA (Current Account Savings Account) and customer base. However, its direct financial impact on the bank's overall profitability may be moderate.
The launch of a new scheme that helps customers avail tax exemptions and provides flexible options for reinvestment is a positive development for both the bank and its customers.
IndusInd Bank has announced the launch of its Capital Gains Account Scheme (CGAS), designed to allow customers to park long-term capital gains until reinvestment and avail tax exemptions as per the Income-tax Act, 1961. This scheme provides a secure and compliant method for holding unutilized capital gains, enabling informed reinvestment decisions within statutory timelines.
The authorization for this scheme was granted by the Central Board of Direct Taxes (CBDT), permitting IndusInd Bank to accept deposits under the Capital Gains Account Scheme, 1988. The bank will accept deposits of unutilized proceeds from the sale of eligible capital assets, including properties, flats, farmhouses, agricultural land, urban land, and land in Special Economic Zones (SEZs).
Under CGAS, IndusInd Bank offers two account options: Type A, a Savings Account with flexible deposits and withdrawals, no minimum balance, and applicable savings interest; and Type B, a Term Deposit Account with fixed tenure, 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, HUFs, non-individual entities, and NRIs. The announcement was made on March 26, 2026.
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IndusInd Bank Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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