HDFC Bank surges on getting nod to offer capital gains accounts scheme deposits
HDFC Bank is currently trading at Rs. 771.00, up by 11.05 points or 1.45% from its previous closing of Rs. 759.95 on the BSE.
The scrip opened at Rs. 764.00 and has touched a high and low of Rs. 777.00 and Rs. 754.10 respectively. So far 800194 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1017.90 on 01-Dec-2025 and a 52 week low of Rs. 668.90 on 28-Oct-2026.
Last one week high and low of the scrip stood at Rs. 777.00 and Rs. 688.75 respectively. The current market cap of the company is Rs. 1188527.17 crore.
The Institutions and Non-Institutions held 83.02% and 16.97% stake in the company respectively.
HDFC Bank has secured authorisation from the government to offer deposits under the Capital Gains Accounts Scheme (CGAS), 1988. The CGAS provides a facility for taxpayers to hold their unused capital gains for a maximum of three years in a bank account. Under CGAS, taxpayers who are unable to finalise their re-investment before the income tax filing deadline can open savings accounts and fixed deposits with the bank across all urban and semi-urban branches (excluding rural branches).
According to the applicable section of the Income-Tax Act, the customers will able to avail tax exemption and also earn interest on their deposits for a maximum period of three years.
