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).

Yes, new customers can avail this scheme by opening an ICICI Bank Savings Account

No. Only Savings (Type A) and Term Deposit (Type B) accounts are permitted.

Cumulative FD:

• 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

Following services will not be available

• Cheque Book
• Debit Card

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

No. Required only for initial deposit.

Yes, for different exemption sections

No. CGAS cannot be transferred between banks

Maximum Tenure is as per the purpose below: 

• 2 years for Purchase
• 3 years for Construction

The purpose must be declared at the time of account opening and cannot be changed later.