ICICI Bank Introduces Capital Gains Account Scheme for Taxpayers

ICICI Bank has rolled out the Capital Gains Account Scheme (CGAS) after receiving authorisation from the Government of India, enabling eligible taxpayers to deposit long-term capital gains or sale proceeds to claim tax exemptions.

The scheme will come into effect on January 1, 2026, for resident individuals and HUFs, with availability for non-individuals and NRIs expected shortly. Customers can open the account by visiting ICICI Bank branches, excluding rural locations, in accordance with CGAS rules.

CGAS allows un-invested capital gains to be temporarily parked for up to three years, during which interest is earned at rates similar to savings accounts or fixed deposits.

Commenting 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.”