CBDT Authorises 19 Banks for Capital Gains Account Scheme

Notification No. 162/2025 dated 19/11/2025

1. Overview

The Central Board of Direct Taxes (CBDT) has issued an order authorising 19 additional banks to accept deposits and operate accounts under the Capital Gains Account Scheme, 1988 (CGAS).

This expansion significantly increases taxpayer accessibility to CGAS across the banking network, easing compliance for individuals seeking exemption from capital gains tax through timely deposit of unutilised proceeds.

2. List of Newly Authorised Banks

The following banks have been added to the list of authorised institutions under CGAS:

1. HDFC Bank Ltd
2. ICICI Bank Ltd
3. Axis Bank Ltd
4. City Union Bank Ltd
5. DCB Bank Ltd
6. Federal Bank Ltd
7. IDFC FIRST Bank Ltd
8. IndusInd Bank Ltd
9. Jammu and Kashmir Bank Ltd
10. Karnataka Bank Ltd
11. Karur Vysya Bank Ltd
12. Kotak Mahindra Bank Ltd
13. RBL Bank Ltd
14. South Indian Bank Ltd
15. Yes Bank Ltd
16. Dhanlaxmi Bank Ltd
17. Bandhan Bank Ltd
18. CSB Bank Ltd
19. Tamilnad Mercantile Bank Ltd

3. Significance

With these additions:

• Taxpayers now have broader banking options for opening and operating CGAS accounts,
• The scheme becomes more accessible across regions, especially through private, regional, and small finance banks,
• Compliance with capital gains exemption provisions under the Income-tax Act becomes simpler and more convenient.

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