Full list of private banks for opening Capital Gains Account: HDFC, ICICI, Axis, Kotak and more

The Finance Ministry has amended the Capital Gains Accounts Scheme 1988 to allow 19 private sector banks to receive deposits and maintain accounts under the scheme. Until now, the capital gains account facility was available only in public sector banks and IDBI Bank (except its rural branches).

"In pursuance of clause (e) of paragraph 2 of the Capital Gains Account Scheme, 1988, and in continuation to the earlier notification numbers G.S.R.725(E), dated the 22nd June, 1988 and G.S.R 859(E), dated the 30th November, 2012, the Central Government hereby authorises all the branches (except rural branches) of the following banks to receive deposits and maintain accounts under the said Scheme...," the Ministry of Finance said in a notification dated November 19, 2025.

The following is the full list of 19 private sector banks that have been allowed to offer accounts and receive deposits under the capital gains accounts scheme.

Full list of private banks for Capital Gains Accounts Scheme (CGAS) benefit

• HDFC Bank

• ICICI Bank

• Axis Bank

• City Union Bank

• DCB Bank

• Federal Bank

• IDFC FIRST Bank

• IndusInd Bank

• Jammu and Kashmir Bank

• Karnataka Bank

• Karur Vysya Bank

• Kotak Mahindra Bank

• RBL Bank

• South Indian Bank

• Yes Bank

• Dhanlaxmi Bank

• Bandhan Bank

• CSB Bank

• Tamilnad Mercantile Bank

• IDBI Bank (it was allowed to offer CGAS earlier)

Rural branches not allowed

The rural branches of the above-listed private sector banks are, however, not allowed to receive deposits and maintain accounts under the Capital Gains Accounts Scheme. The notification defined a rural branch as "a branch which is situated and is functioning at a centre, the population whereof, in accordance with the 2011 census is less than ten thousand."