Skip to main content Personal Banking Capital Gains Account Scheme (CGAS) The Capital Gain Accounts Scheme (CGAS), 1988 is a government-notified scheme under the Income Tax Act, 2025, designed to allow customers to park sale proceeds or capital gains arising from the sale of certain assets, when the customer intends to invest in eligible assets (e.g., residential property, land, etc.). ICICI Bank is now authorized to accept deposits under Capital Gains Account Scheme (CGAS), 1988 This is a government-notified scheme under the Income Tax Act, 2025 The scheme enables customers to temporarily park sale proceeds or long term capital gains arising from the sale of certain assets, when they intend to reinvest in eligible assets such as residential property or land This scheme is available from 1st Jan, 2026 Key features of Capital Gains account scheme Flexibility to open Savings Account and Fixed Deposit Flexibility to open Savings Account and Fixed Deposit Allows period of 2-3 years from date of sale to reinvestment Allows period of 2-3 years from date of sale to reinvestment Earn interest at the Bank’s applicable Savings Account or Term Deposit rates Earn interest at the Bank’s applicable Savings Account or Term Deposit rates Available at all branches (except rural branches)⁠ Available at all branches (except rural branches)⁠ Types of Capital Gains accounts Savings Account Type A Save No minimum balance requirement Monthly account statement No Debit Card, Cheque Book services Interest is calculated on the daily end-of-day balance and credited quarterly Account with single holding only A maximum of 3 nominees allowed Savings Account No minimum balance requirement Monthly account statement No Debit Card, Cheque Book services Interest is calculated on the daily end-of-day balance and credited quarterly Account with single holding only A maximum of 3 nominees allowed Term Deposit Account Type B Save Type A – Savings Account is mandatory Minimum amount of Rs. 10,000. Maximum amount as per scheme guidelines Fixed deposit interest rate applicable as per the tenure and amount Closure allowed before maturity (Penal rates applicable) Proceeds will be credited to Type A – Savings Account only No loan facility against this deposit A maximum of 3 nominees allowed Term Deposit Account Type A – Savings Account is mandatory Minimum amount of Rs. 10,000. Maximum amount as per scheme guidelines Fixed deposit interest rate applicable as per the tenure and amount Closure allowed before maturity (Penal rates applicable) Proceeds will be credited to Type A – Savings Account only No loan facility against this deposit A maximum of 3 nominees allowed Important documentation: Applicable for both Savings Account (Type A) and Fixed Deposit (Type B) Capital Gains Accounts Scheme application form (Form A) Form E for nomination in case the customer wants to register a nomination Click here for service charges for Individual customers Closure form – Form G Approval from the Income Tax official of given jurisdiction Eligibility criteria for CGAS Capital Gains Account can be opened by:

Resident Individual and Non-Individual Minors. The account will be operated by the natural or legal guardian on behalf of the minor. ICICI Bank Savings Account / Current Account is mandatory to avail this scheme New customers are required to open ICICI Bank Savings Account / Current Account for availing this scheme Important points to note: Customer must declare the purpose as purchase or construction at the time of account opening ICICI Bank Savings Account / Current Account is mandatory to avail this scheme New customers are required to open ICICI Bank Savings Account for availing this scheme Unused funds after expiry become taxable. In case of jointly owned assets, each co-owner must open a separate CGAS account corresponding to their share of capital gains Form C is mandatory for the first withdrawal while Form D is required for all subsequent withdrawals Scheme related forms are available at ICICI Bank branches Capital Gains Account Scheme FAQs What types of accounts can be opened under Capital Gains Account Scheme? Savings Account (Type A) is mandatory. You can park your proceeds/capital gains in a Savings Account (Type A) and Fixed Deposit (Type B). Can a new customer avail Capital Gains Account Scheme? Yes, new customers can avail this scheme by opening an ICICI Bank Savings Account / Current Account Can a Current Account be opened under Capital Gains Account Scheme? No. Only Savings (Type A) and Term Deposit (Type B) accounts are permitted. What is the minimum and maximum tenure for FD under Capital Gains Account Scheme? Minimum 6 Months and Max 24 months from the date of Sales Deed with end purpose as purchase of property Minimum 6 Months and Max 36 Months from the date of Sales Deed with end purpose as construction of property Traditional FD: Minimum 7 days and Max 185 Days. Traditional Quarterly: Minimum 3 Months and Max 24 months from the date of Sales Deed with end purpose as purchase of property Minimum 3 Months and Max 36 Months from the date of Sales Deed with end purpose as construction of property Which services are not available under Capital Gains Account Scheme? Following services will not be available Is premature FD closure allowed? Yes. But only in accordance with the Capital Gains Account Scheme and the Bank’s FD premature closure policy. Penalty will be same as per Bank’s FD framework Is Form A required for every deposit? Yes. Form A is mandatory for every deposit, including both the initial deposit and all subsequent deposits. Can multiple accounts be opened under Capital Gains Account Scheme? Yes, for different exemption sections Can Capital Gains Account Scheme be transferred between banks? No. CGAS cannot be transferred between banks What is the maximum tenure of deposit under Capital Gains Account Scheme? Maximum Tenure (2 or 3 years) is as per the purpose and sections of the Income Tax Act 2025 To enhance your experience, we use cookies. Your cookie settings Choose and adjust the cookie settings you’re comfortable with, and learn more about how we use cookies . These cookies are vital for smooth browsing, faster page loading and ensuring the website works as it should. This feature is always active. These cookies recognize you, remember your preferences and track site performance, ensuring proper functionality without direct identification. Targeting cookies customize your experience by showing offers that match your interests, making your visit more relevant and engaging.