Capital Gain SB Account (SBCAP)

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Capital Gain SB Account (SBCAP)

Open an SBCAP account to securely park capital gains and enjoy tax benefits while earning interest. A smart way to manage your capital gains efficiently!

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Details for Capital Gain SB Account (SBCAP)

The Capital Gain SB Account (SBCAP) is designed to help individuals manage capital gains efficiently while enjoying tax benefits. Securely deposit proceeds from asset sales and earn interest while complying with tax regulations. A hassle-free way to safeguard and utilize your capital gains effectively.

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Interest Rate

3.55%

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Withdrawal Limit

Not available

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Transaction Limit

Not available

Eligibility Criteria for Opening an Account

  • Any Individual with Income tax assessee

Additional Benefits

  • Nil maximum period of deposit
  • Prescribed formats for account opening, account closing, and withdrawal from the account
  • Interest will be paid as per the norms stipulated by RB
  • Nomination facility available
  • Nil lien or charges on the balance
  • Deposits can be made under savings bank accounts scheme or under term deposit

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