ICICI Bank Launches Capital Gains Scheme
Analysis based on 6 articles · First reported Jan 01, 2026 · Last updated Jan 02, 2026
The launch of the Capital Gains Account Scheme by ICICI Bank is expected to positively impact the bank's deposits and customer base, as it offers a new financial solution for taxpayers. While other banks like HDFC Bank, Axis Bank, Kotak Mahindra Bank, and Yes Bank already offer similar services, ICICI Bank's entry into this market segment will intensify competition and potentially lead to increased market share for the bank.
ICICI Bank has launched the Capital Gains Account Scheme (CGAS) following approval from the India — India. This scheme allows resident individuals and Hindu joint family to deposit uninvested long-term capital gains or sale proceeds from specified capital assets, earn interest, and claim tax exemptions for up to three years while planning reinvestment. The scheme, effective January 1, 2026, offers two types of accounts: Type A (Savings Account) for flexible withdrawals and Type B (Term Deposit Account) for fixed-tenure deposits. This initiative aims to benefit taxpayers who cannot reinvest capital gains before the Income Tax Return filing deadline, providing a structured way to preserve tax benefits. Other banks, including HDFC Bank, Axis Bank, Kotak Mahindra Bank, and Yes Bank, are also authorized to provide similar CGAS services.
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