HDFC Bank to offer deposits under Capital Gains Accounts Scheme

Benchmarks Nifty23,960.60149.75FEATURED FUNDS★★★★★Motilal Oswal Midcap Fund Direct-Growth5Y Return18.38 % Invest NowFEATURED FUNDS★★★★★UTI Aggressive Hybrid Fund Regular Plan-Growth5Y Return9.24 % Invest NowEnter search text:

The Economic Times daily newspaper is available online now. Read Today's Paper HDFC Bank to offer deposits under Capital Gains Accounts SchemePTILast Updated: Nov 04, 2026, 08:05:00 PM ISTSynopsis

HDFC Bank has received government authorisation to offer deposits under the Capital Gains Accounts Scheme (CGAS), 1988. The facility will allow taxpayers to park unused capital gains in savings accounts or fixed deposits for up to three years while retaining eligibility for applicable tax exemptions and earning interest on their deposits.

New Delhi: HDFC Bank on Wednesday said the bank has received authorisation from the government to offer deposits under the Capital Gains Accounts Scheme (CGAS), 1988.

CGAS provides a facility for taxpayers to hold their unused capital gains for a maximum of three years in a bank account.

With CGAS, taxpayers who are unable to finalise their re-investment before the income tax filing deadline can open savings accounts and fixed deposits with the bank across all urban and semi-urban branches (excluding rural branches), HDFC Bank said in a statement.

According to the applicable section of the Income-Tax Act, they will not only be able to avail tax exemption but also earn interest on their deposits for a maximum period of three years, it said.
Add as a Reliable and Trusted News Source Add Now!
(You can now subscribe to our Economic Times WhatsApp channel)
Read More News onhdfc bankHDFC Bank Capital Gains Accounts SchemeCapital Gains Accounts Scheme CGASHDFC Bank depositstax exemption capital gainsfixed deposits capital gainssavings accounts capital gainsunused capital gainsinterest on capital gains deposits

(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.)

...moreless
(You can now subscribe to our Economic Times WhatsApp channel)
Read More News onhdfc bankHDFC Bank Capital Gains Accounts SchemeCapital Gains Accounts Scheme CGASHDFC Bank depositstax exemption capital gainsfixed deposits capital gainssavings accounts capital gainsunused capital gainsinterest on capital gains deposits

(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.)

...moreless

Stories you might be interested in