Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Account structureDeposit Account A: savings bank; Deposit Account B: TDR or STDR term deposit
Source 1Published purposeHold eligible long-term capital-gain proceeds for reinvestment under the Capital Gains Account Scheme, 1988
Source 2Minimum term deposit₹1,000
Source 3Maximum balanceNo upper ceiling stated
Source 4Maximum deposit periodUp to 24 or 36 months depending on the declared tax section and original-asset transfer
Source 5Published applicable ratesAccount A: 2.50% p.a.; Account B public rates by balance and tenor: below ₹3 crore, 2y–<3y 6.40% and 3y–<5y 6.30%; ₹3 crore+, 2y–<3y 6.15% and 3y–<5y 6.00% p.a.Effective 15 May 2026
Source 6Branch coverageAll SBI branches except rural branches
Source 7Early Account B closureTDR or STDR may close before maturity, but proceeds must credit only to Capgains Account A
Source 8Final account closureRequires a specific authority letter or certificate from the depositor's jurisdictional Income Tax Officer
Source 9Loan or collateral facilityNo loan; the term deposit cannot serve as margin or collateral for funded or non-funded facilities
Source 10NominationAvailable for up to 3 nominees
Source 11Renewal and maturityNo automatic renewal; TDR or STDR maturity proceeds credit to Capgains Account A
Source 12Eligible applicant typesResidents, bodies of individuals, listed non-individual entities, NRIs, RNORs and artificial juridical persons with capital gains taxable in India
Source 13Benefits and features
- Linked savings and term-deposit choices under one capital-gains scheme
- No upper balance ceiling stated
- Branch transfer and nomination for up to three nominees
Eligibility
- The official page lists both NRI and several resident or entity applicant categories with capital gains taxable in India.
- Product timing and tax-exemption eligibility depend on the original asset, applicable tax section and Form A declaration.
- Current tax treatment and required reinvestment deadlines should be confirmed with a qualified adviser before relying on the product's tax purpose.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- SBI Capgains Plus Form A
- Income Tax Officer authority letter or certificate for final closure
