IndusInd Bank Launches Capital Gains Account Scheme for Easy Tax-Saving Reinvestment

IndusInd Bank has launched the Capital Gains Account Scheme (CGAS). The scheme allows customers to temporarily park long-term capital gains and still claim tax benefits while planning reinvestments.

This move comes after approval from the Central Board of Direct Taxes (CBDT), allowing the bank to accept deposits under the Capital Gains Account Scheme, 1988.

Purpose of the Scheme

The scheme helps customers keep their unused capital gains safely until they reinvest within the time limits set under the Income Tax Act, 1961.

It offers a secure and compliant way to hold funds and gives investors more time to make better reinvestment decisions.

Who Can Use This Scheme?

Deposits can be made using gains from the sale of eligible assets such as:

• Residential houses and flats
• Farmhouses
• Agricultural land
• Urban land
• Land in Special Economic Zones (SEZs)

The scheme is available to:

• Resident individuals
• Hindu Undivided Families (HUFs)
• Non-individual entities
• Non-Resident Indians (NRIs)

Accounts can be opened at authorised non-rural branches of the bank.

Two Types of CGAS Accounts

IndusInd Bank offers 2 account options:

Type A – Savings Account

• Flexible deposits and withdrawals
• No minimum balance requirement
• Earns savings account interest

Type B – Term Deposit Account

• Fixed tenure deposits
• Minimum deposit of ₹10,000
• Higher returns aligned with reinvestment timelines

Read More:Gold and Silver Prices Fell Amid Heightening Geopolitical Tensions! 

About Induslnd Bank

IndusInd Bank has been operating for over 31 years and serves around 42 million customers.
It has:

• 3,120 branches/outlets
• 3,063 ATMs
• Reach across 1.62 lakh villages

The bank offers services including loans, cards, SME finance, digital banking, NRI services, and ESG-linked products. It also has offices in Dubai and Abu Dhabi and supports major stock exchange clearing and settlement operations.

Induslnd Bank Share Price Movement

IndusInd Bank share price (NSE: INDUSINDBK) was trading at ₹798.65 on March 27 at 1:03 PM, down ₹19.75 or 2.41% for the day. The stock opened at ₹809.00 and touched an intraday high of ₹816.20 and a low of ₹789.55. The bank currently has a market capitalisation of ₹62.16 thousand crore, with a 52-week high of ₹968.85 and a 52-week low of ₹637.00.

Conclusion

The new CGAS from IndusInd Bank gives investors a simple and tax-efficient way to park capital gains until reinvestment. It offers flexibility, safety, and helps taxpayers avoid losing exemptions due to reinvestment delays.

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.