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Capital Gain Scheme_List of banks

Sachin Kumar (Student) (373 Points)

20 March 2023

Please share list of banks which are authorised to open bank account under capital gain scheme 1988 ?

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160322 Points)
Replied 20 March 2023

The government has identified all the public sector banks to accept the deposit under Capital Gains Accounts Scheme 1988.

These banks include: State Bank of India, Central Bank of India, Bank of India, Punjab National Bank, Bank of Baroda, UCO Bank, Canara Bank, United Bank of India, Union Bank of India, Allahabad Bank, Indian Bank, Bank of Maharashtra , Indian Overseas Bank, New Bank of India, Punjab & Sind Bank etc..

. All branches of these banks except the rural branches are authorized to receive the deposit and maintain account under Capital Gains Accounts Scheme, 1988.