Fixed & recurring deposits

Capital Gains Account Scheme, 1988

Bank of India lists the Capital Gains Account Scheme, 1988 in its term-deposit catalogue for eligible taxpayers.

Interest rateAccount A earns the prevailing savings-bank rate; Account B earns the Bank of India prevailing term-deposit rate.Senior-citizen rateNo additional senior-citizen rate applies to the Capital Gain Scheme under the Bank of India rate-sheet applicability table.Tenure / programmeThe Bank of India page does not publish a fixed tenure for the Capital Gains Account Scheme. Account A is a savings account and Account B is a cumulative or non-cumulative term deposit; Account B’s applicable period follows the prevailing Bank of India TDR terms and the tax scheme’s utilisation deadline, which must be checked for the relevant capital-gain claim.

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✓ Manually checked 21 Aug 2026 · active

Offered byBank of India

India; subject to statutory scheme and branch terms

Key facts

What the official sources publish

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Catalogue statusBank of India lists this product in its current term-deposit catalogue, but the reviewed catalogue page does not expose the complete scheme terms. Confirm current eligibility, rates, documents and withdrawal rules with Bank of India before applying.View source

The official catalogue lists the product name; the reviewed page does not provide the full product terms.

Source: Bank of India term-deposit catalogue
Page / section: Term deposit catalogue
Accessed: 21 Aug 2026
Confidence: high

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EligibilityEligible taxpayers seeking exemption for a capital gain under section 54 of the Income-tax Act, 1961; the account is opened subject to the applicable scheme rules.View source

The official overview says the Capital Gains Account Scheme, 1988 applies to eligible taxpayers who wish to claim exemption under section 54 for a capital gain.

Source: Capital Gains Account Scheme - BOI
Page / section: Overview
Accessed: 29 Aug 2026
Confidence: high

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Account structureTwo account types are published: Account A is a savings account without a cheque book; Account B is a cumulative or non-cumulative term deposit. Savings Plus is not permitted.View source

The page lists Account A (Savings Bank without cheque book) and Account B (term deposit, cumulative/non-cumulative), and says Savings Plus is not permitted.

Source: Capital Gains Account Scheme - BOI
Page / section: Types of accounts
Accessed: 29 Aug 2026
Confidence: high

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Interest rateAccount A earns the prevailing savings-bank rate; Account B earns the Bank of India prevailing term-deposit rate.View source

The page states that Account A follows the prevailing savings-bank rate and Account B follows the bank's prevailing rates.

Source: Capital Gains Account Scheme - BOI
Page / section: Rate of Interest
Accessed: 29 Aug 2026
Confidence: high

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Withdrawal and payoutWithdrawals are made from Account A using Form C and the passbook; Account B can be converted to Account A using Form B. A withdrawal above ₹25,000 must be paid by crossed demand draft.View source

The page specifies Form C for Account A withdrawals, Form B for conversion between B and A, and crossed for withdrawals over ₹25,000.

Source: Capital Gains Account Scheme - BOI
Page / section: Withdrawal; Transfer from Account B to A; Mode of payment
Accessed: 29 Aug 2026
Confidence: high

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Premature withdrawalAccount B can be prematurely withdrawn by converting it to Account A using Form B; the page does not publish a separate scheme penalty, so the applicable term-deposit rules control.View source

The page says premature withdrawal from Deposit B is permitted by converting B to A and using Form B.

Source: Capital Gains Account Scheme - BOI
Page / section: Premature Withdrawal
Accessed: 29 Aug 2026
Confidence: high

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Senior-citizen rateNo additional senior-citizen rate applies to the Capital Gain Scheme under the Bank of India rate-sheet applicability table.Effective 18 May 2026View source

The rate-sheet applicability table lists Capital Gain Scheme under products to which additional senior-citizen rates do not apply.

Source: Rupee Term Deposit Interest Rate for Domestic/ - Bank of India
Page / section: Additional Rate tab — applicability
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Tenure / programmeThe Bank of India page does not publish a fixed tenure for the Capital Gains Account Scheme. Account A is a savings account and Account B is a cumulative or non-cumulative term deposit; Account B’s applicable period follows the prevailing Bank of India TDR terms and the tax scheme’s utilisation deadline, which must be checked for the relevant capital-gain claim.View source

The complete official page names Account A as savings and Account B as cumulative/non-cumulative term deposit, but gives no numeric or fixed tenure for either account.

Source: Capital Gains Account Scheme, 1988 — BOI official page
Page / section: Types of accounts / Rate of interest / Account B to A conversion
Accessed: 30 Aug 2026
Confidence: high

Open official source ↗

Benefits and features

Listed in Bank of India’s official term-deposit catalogue

Eligibility

The catalogue does not expose all scheme rules; statutory eligibility, deposit form and withdrawal conditions must be confirmed against the current scheme terms.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

Confirm tax, identity and capital-gains documentation with Bank of India.

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Money deposited onceThe amount you plan to place in the deposit today.₹one lakh rupees₹1,000₹1,00,00,000Yearly interest rateThe percentage the deposit earns in one year.%0.5%15%How long you keep itThe period before the deposit reaches maturity. months3 months120 months

Money at maturity₹1,38,042one lakh thirty-eight thousand forty-two rupees

Money you put in₹1,00,000one lakh rupees

Interest earned₹38,042thirty-eight thousand forty-two rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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Area

Account A · Published ruleSavings Bank account without cheque book

This value is copied from Capital Gains Account Scheme account types. Check the table notes before relying on it.

Source: Capital Gains Account Scheme - BOI · Types of accounts; Withdrawal; Further withdrawal; Mode of payment; Utilization; No lien; Nomination; Closure Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 11 rows · 2 columnsCapital Gains Account Scheme account typesAccount structures and operating rules published on Bank of India's official product page.View tableHide table

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Capital Gains Account Scheme account types
Area	Published rule
Account A	Savings Bank account without cheque book
Account B	Cumulative or non-cumulative term deposit
Savings Plus	Not permitted
Account A withdrawal	Form C with passbook
Account B premature withdrawal	Convert B to A using Form B
Further withdrawal	Form D with details of how the previous withdrawal was used
Withdrawal above ₹25,000	Crossed demand draft
Utilisation deadline	Amount withdrawn from A must be used within 60 days; unutilised amount must be re-deposited in A
Security	Cannot be pledged or offered as security for a loan or guarantee
Nomination	Form E; up to 3 nominees for an individual account
Closure	Form G; death cases use Form H with the assessing officer's approval

Interest is not exempt under the Income-tax Act; follows term-deposit rules.

Capital Gains Account Scheme - BOI · Types of accounts; Withdrawal; Further withdrawal; Mode of payment; Utilization; No lien; Nomination; Closure · accessed 29 Aug 2026Open official source ↗

Capital Gains Account Scheme, 1988

What the official sources publish

Benefits and features

Eligibility

Documents the bank lists

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