Karur Vysya Bank (KVB) has announced the launch of its Capital Gains Account Scheme (CGAS), following official authorization from the Ministry of Finance, Government of India. This specialized facility is designed for individuals and Hindu Undivided Families (HUFs) who have sold assets like property, land, or securities.

The scheme allows taxpayers to deposit sale proceeds into the account to remain eligible for tax exemptions under the Income Tax Act, 1961, while they identify their next long-term investment. This acts as a legal safeguard, earning interest for the customer and ensuring compliance with tax regulations without the pressure of immediate reinvestment decisions.

The CGAS is available across KVB's non-rural branch network and supports fund transfers via UPI, NEFT, and RTGS. Customers can choose between Type A (Savings Account) for periodic withdrawals or Type B (Term Deposit) for parking capital gains for a fixed tenure. Mr. B. Ramesh Babu, Managing Director & CEO, stated that the scheme provides comprehensive tax-planning solutions, bridging a gap in the investment lifecycle and enabling informed decisions.

As of September 30, 2025, Karur Vysya Bank had 898 branches and over 2226 ATMs & cash recyclers. The bank's total business stood at ₹2,03,216 crore, with a deposit base of ₹1,10,492 crore and advances at ₹92,724 crore. The net profit for Q2 FY26 was ₹574 crore, with a Net NPA of 0.19%.