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Banking
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ICICI Bank Launches CGAS for Tax-Exempt Long-Term Capital Gains (Jan 1, 2026)
📅 Published 04 Jan 2026 · January 2026
ICICI Bank Launches CGAS for Tax-Exempt Long-Term Capital Gains (Jan 1, 2026)
Purpose: Park un-invested long-term capital gains or sale proceeds, earn interest, claim tax exemptions
Account Types: Savings (Type A) and Fixed Deposit (Type B)
Eligibility: Resident individuals, HUFs; NRI eligibility soon
Duration: Up to 3 years, with withdrawal proof required for reinvestment
📝 Relevant Exams:
UPSC