This article offers a brief summary of the key aspects of the State Bank of India’s Capital Gains Account schemes. Since these details are subject to frequent updates, please refer to the bank’s official website for the most current information on features and interest rates.
SBI – Capital Gains Account Features:
- There is no limit on the Maximum Balance/Amount for the Capital Gains Deposit Scheme across all branches except Rural branches. Depending on the type of capital gains specified under sections 54, 54B, 54F, 54D, 54G, and 54GB, the scheme allows for:
- A maximum deposit duration of 24 months if the capital gains fall under sections 54, 54B, or 54F, as declared by the depositor in Form A.
- A maximum deposit duration of 36 months if the capital gains are under sections 54, 54D, 54F, 54G, or 54GB, as declared by the depositor in Form A.
- The deposit period should not extend beyond 2 to 3 years from the original asset’s transfer date. This scheme is applicable at all branches except those in rural areas.
How to invest?
Click here to invest in the State Bank of India’s Capital Gains Account schemes.
Note: The information presented here is sourced from publicly available data. We cannot be held responsible for any inaccuracies in the details. For the most current and accurate information, please visit the official website of the respective bank/institution.