ICICI Bank Launches Capital Gains Account Scheme for Taxpayers
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ICICI Bank Launches Capital Gains Account Scheme for Taxpayers

ICICI Bank has launched a Capital Gains Account Scheme (CGAS), effective January 1, 2026, allowing resident individuals and HUFs to deposit uninvested long-term capital gains. This government-approved scheme enables taxpayers to claim tax exemptions for up to three years while earning interest on deposited funds, providing a way to park proceeds before reinvestment deadlines. The facility will be extended to non-individuals and NRIs later. Customers can choose between savings-like (Type A) or term deposit (Type B) accounts.

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