Income Tax Notification 162/2025 Dated 19/11/2025 – Capital Gains Accounts Scheme- Bank Network Expanded 

The notification expands the list of authorised banks permitted to accept deposits and maintain accounts under the Capital Gains Account Scheme (CGAS). The government has now approved all non-rural branches of 19 banks, including major private and regional banks, to operate CGAS accounts. It also clarifies that rural branches, defined as those located in areas with population below 10,000 as per the 2011 census, are excluded from this authorization.. 

(Link: Income Tax Notification 162/2025 Dated 19/11/2025)

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