MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the 19th November, 2025

(INCOME-TAX)

 S.O. 5294(E).— 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 22^nd June, 1988 and G.S.R 859(E), dated the 30^th 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, namely: –   

(i)HDFC Bank Ltd;

(ii) ICICI Bank Ltd;

(iii) Axis Bank Ltd;

(iv) City Union Bank Ltd;

(v) DCB Bank Ltd;

(vi) Federal Bank Ltd;

(vii) IDFC FIRST Bank Ltd;

(viii)IndusInd Bank Ltd;

(ix)Jammu and Kashmir Bank Ltd;

(x)Karnataka Bank Ltd;

(xi)Karur Vysya Bank Ltd;

(xii)Kotak Mahindra Bank Ltd;

(xiii) RBL Bank Ltd;

(xiv)South Indian Bank Ltd;

(xv)Yes Bank Ltd;

(xvi)Dhanlaxmi Bank Ltd;

(xvii)Bandhan Bank Ltd;

(xviii)CSB Bank Ltd; and

(xix)Tamilnad Mercantile Bank Ltd.

Explanation. - For the purposes of this notification, a rural branch, in relation to the bank specified herein means a branch which is situate and is functioning at a centre, the population whereof, in accordance with the 2011 census is less than ten thousand.

 [F. No. 162/2025/ F. No. 370142/23/2024-TPL]

 KRITIKA JAIN, Under Secy. (Tax Policy and Legislation)