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  • Canara

  • Capital Gain Account
  • Tax Exemption under Sections 54, 54F, 54B, etc.
  • Compliance with Income Tax Act
  • Safe & Secure Parking of Funds
  • Attractive Rate of interest

Income Tax Assessee who is eligible to make a deposit under Section 54, 54B, 54D, 54F 54G, 54GA or 54GB of Income-Tax Act, 1961(43 of 1961)1 .

  • Individual or on behalf of a minor ; Joint accounts not permitted
  • HUF , firm , company , Association of Person(AOP) , Body of Individuals(BOI).
  • NRE/FCNR accounts are not permitted
  • Amount of capital gains deposited with the Bank will be treated as any other deposit with Banks and will be exempt from Wealth Tax Act.

    AMOUNT

Minimum:  For Callable Only : Rs.1000/-

 

Maximum: No Maximum Limit for Callable

( Non-Callable deposit  not permitted )

Period of Deposit
Min. period 7 days (single deposit of Rs 5 Lakh and above) otherwise the minimum period is 15 days.
Maximum of period of the term deposit (reckoned from the date of sale of property) (CIR 35/2014). Outright purchase / acquisition of new asset (Section 54 / 54F). 2 years
Construction of a residential house (Section 54 / 54F). 3 years
Purchase of any agricultural land (Section 54B). 2 years
Purchase of any land or building or any right in any other land or building or constructed building for the purpose of shifting or re-establishing the said undertaking or set up another industrial undertaking (Section 54D). 3 years
Purchase of new machinery or plant or acquired building or land for the purpose of business or transferred the establishment to any area (other than the urban area) or incurred the expenses as per scheme of Central Government (Section 54G). 3 years
Purchase of new machinery or plant or acquired building or land for the purpose of business or transferred the establishment to any Special Economic Zone (SEZ) or incurred the expenses as per scheme of Central Government (Section 54GA). 3 years
Company (from the date of subscription in equity shares by the assessee) for purchase of new asset (Section 54GB). 1 year

Nomination Facility

Available

Up to 3 nominees allowed

TAX Deducted at Source

Applicable as per prevailing Income Tax rules
  • Deposit Account-A: Savings account SB-CGA
  • Deposit Account-B: Term Deposit account FDR-CGA (Non-Cumulative)
  • Deposit Account-B: Term Deposit account KDR-CGA (Cumulative)
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Last updated on 12-12-2025 8:10 AM

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