ICICI Bank Launches Capital Gains Account Scheme for Tax-Exempt Deposits Effective January 1, 2026

ICICI Bank has introduced the Capital Gains Account Scheme (CGAS) for resident individuals and Hindu Undivided Families (HUFs), enabling customers to deposit their long-term capital gains while maintaining eligibility for tax exemptions, as per news reports.  

The service becomes operational from January 1, 2026, following government authorisation. 

ICICI Bank Introduces Capital Gains Account Scheme for Resident Individuals and HUFs 

ICICI Bank has officially rolled out a dedicated Capital Gains Account Scheme starting January 1, 2026. This facility allows resident individuals and HUFs to deposit unutilised long-term capital gains or sale proceeds from specified capital assets. These deposits remain compliant with the conditions for tax exemption under the Income Tax Act. 

Customers who are unable to reinvest their capital gains before filing their Income Tax Return can deposit those funds into a CGAS account. This ensures they do not lose out on potential tax benefits. The bank facilitates the scheme in accordance with government guidelines, operating through authorised non-rural branches. 

Key Features of the CGAS Accounts at ICICI Bank 

The scheme offers two types of account options to suit different customer requirements: 

• Type A (Savings Account): Allows flexible withdrawals for approved reinvestment activities with interest earning similar to regular savings accounts.
• Type B (Term Deposit Account): Available as cumulative or non-cumulative term deposits for fixed durations, earning interest comparable to standard fixed deposits. 

The deposited capital gains can be held for up to 3 years, giving investors a time buffer to reinvest in approved capital assets such as property, agricultural land, or industrial undertakings in non-urban areas or designated economic zones. 

Read More: January 2026 Financial Changes: What Will Change for Employees, Taxpayers, and Bank Customers?! 

Account Operations and Compliance Measures 

ICICI Bank requires proof of fund usage for all permitted withdrawals, as mandated by CGAS rules. This ensures that the withdrawn amounts are only used for eligible reinvestment purposes, thereby maintaining tax exemption eligibility.  

Non-individuals and non-resident Indians (NRIs) are expected to gain access to this facility in later phases. 

ICICI Bank Share Price Performance  

As of January 02, 2026, at 12:33 PM, ICICI Bank share price on NSE was trading at ₹1,351.00 up by 0.97% from the previous closing price. 

Conclusion 

ICICI Bank’s introduction of the Capital Gains Account Scheme offers a structured way for taxpayers to manage long-term capital gains deposits while ensuring compliance with tax exemption requirements. The bank has aligned its offering with regulatory guidelines to support efficient taxpayer fund allocation. 

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