Private sector lender ICICI Bank has launched the Capital Gains Account Scheme, providing a facility for eligible taxpayers to deposit un-invested long-term capital gains and earn interest while retaining tax exemption eligibility.
The scheme becomes operational on January 1, 2026, for resident individuals and Hindu Undivided Families. ICICI Bank said the facility will be made available to non-individuals and NRIs shortly. Accounts can be opened at bank branches, excluding rural locations, as per CGAS norms.
Funds deposited under CGAS can be parked for up to three years, allowing taxpayers additional time to plan reinvestment in approved assets such as property or eligible industrial assets, depending on the CGAS category chosen.
Speaking on the launch, an ICICI Bank spokesperson said, “We thank the Government of India for recognising ICICI Bank as an authorised institution for CGAS deposits. With this scheme, customers can park un-invested long term capital gains, earn interest, and claim tax exemptions, while planning reinvestment up to three years. This offering reinforces our commitment to deliver financial solutions that meet evolving customer needs.”
