IndusInd Bank Introduces Capital Gain Investment Plan with Enhanced Reinvestment Options

IndusInd Bank Launches Capital Gains Account Scheme (CGAS)

Key Highlights

• IndusInd Bank has launched the Capital Gains Account Scheme (CGAS) to enable customers to park long-term capital gains until reinvestment and avail tax exemptions.
• The scheme provides a secure and compliant facility for holding unutilized capital gains, allowing customers to make informed reinvestment decisions within prescribed statutory timelines.

Scheme Details

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• The scheme accepts deposits of unutilized proceeds arising from the sale of eligible capital assets, including residential properties, flats, farmhouses, agricultural land, urban land, and land in Special Economic Zones (SEZs).
• IndusInd Bank offers two account options under CGAS:
  • Type A: Savings Account with flexible deposits and withdrawals, no minimum balance, and applicable savings interest.
  • Type B: Term Deposit Account with fixed-tenure deposits, minimum deposit of ₹10,000, and higher returns aligned with reinvestment timelines.
• The scheme is available at authorized non-rural IndusInd Bank branches, and eligible customers include resident individuals, Hindu Undivided Families (HUFs), non-individual entities, and Non-Resident Indians (NRIs).

IndusInd Bank Share Price Performance

• Over the past one month, IndusInd Bank share price has fallen by 13%.
• On a year-to-date (YTD) basis, the share price has declined by 8%.
• In the past six months, the stock has rallied by 10%, while it has gained 28% in one year.
• Over the past two years, IndusInd Bank shares have plunged by 46%, while they have dropped by 15% in five years.
• On Wednesday, IndusInd Bank share price ended at ₹818.15 apiece on the BSE, a 2.52% increase.