IndusInd Bank has launched the Capital Gains Account Scheme (CGAS), enabling customers to park long-term capital gains and claim tax exemptions under the Income Tax Act, 1961. The move follows authorisation from the Central Board of Direct Taxes, allowing the bank to accept deposits under the Capital Gains Account Scheme, 1988.
The scheme allows customers to deposit unutilised proceeds from the sale of eligible assets, including residential properties, flats, farmhouses, agricultural land, urban land and SEZ-linked land, ensuring compliance with statutory reinvestment timelines. It offers two options: Type A (Savings Account) with flexible deposits, withdrawals and no minimum balance, and Type B (Term Deposit Account) with a minimum deposit of ₹10,000 and higher returns aligned with reinvestment plans. The facility is available at authorised non-rural branches for resident individuals, HUFs, non-individual entities and NRIs.
With a 31-year legacy, IndusInd Bank serves around 42 million customers through 3,120 branches and 3,063 ATMs, covering 1.62 lakh villages. Its offerings span microfinance, personal and SME loans, cards, vehicle financing, ESG-linked products and digital banking platforms like ‘INDIE’, supported by its ‘Digital 2.0’ strategy. The bank also maintains global presence through offices in Dubai and Abu Dhabi and holds key clearing and settlement roles across major exchanges.
In Guwahati, the scheme is expected to gain traction among real estate sellers and investors amid rising property transactions. CGAS could streamline tax planning and encourage reinvestment into housing and land assets, supporting structured financial decisions in the region’s evolving urban economy.
