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HDFC Bank to offer deposits under Capital Gains Accounts Scheme

HDFC Bank has received government authorisation to offer deposits under the Capital Gains Accounts Scheme (CGAS), 1988. ...

By Dhallo News · November 4, 2026 at 8:05 PM IST
HDFC Bank to offer deposits under Capital Gains Accounts Scheme
Source: Economic Times - Banking & Finance

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.

SOURCE: Economic Times - Banking & Finance
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