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Capital Gain Tax Saving Scheme
 
CAPITAL GAIN ACCOUNTS SCHEME 1988
Capital Gain Accounts Scheme 1988 is applicable to eligible taxpayers who wish to claim exemption u/s 54 for capital gain .

1 Branches Authorized Non Rural Branches (i.e. All Semi Urban/Urban/Metro Branches
2 Types of Accounts Account ‘A’ (Savings Bank) Account ‘B’ (Term Deposit cumulative/ non-cumulative) (Savings Plus Scheme not permitted)
3 Account Opening Form( KYC compliance) Form – A (in duplicate) + Proof of Address + Copy of PAN Card + Photograph + unstamped HUF Letter in case of account is for HUF (non-trading)
4 Rate of Interest Account ‘A’ – Applicable to SB Accounts Account ‘B’ – As per Bank’s TDR Rates.
5 Withdrawal## Amount can be withdrawn from deposit “A” (Savings Bank Account) by furnishing an application in form ‘C’ alongwith Pass Book.( No cheque book will be issued.)
 
## Premature withdrawal from Deposit ‘B’ (TDR) is permitted by converting account from ‘B’ to ‘A’ and by levying 1% penal interest for premature payment as in case of TDRs. Form B will be used for conversion of Account ‘B’ to ‘A’.

6 Further withdrawal For subsequent withdrawal form ‘D’ (in duplicate) by giving the details showing the manner/ purpose for which the previous withdrawal has been utilized Banks are not obliged to allow further withdrawal if above referred particulars are not furnished. 
7 Mode of payment Any withdrawal over Rs.25,000/- should be affected by Bank, only by crossed DD. 
8 Utilization of Amount withdrawn Amount drawn from Account ‘A’ has to be utilized within 60 days from the date of such withdrawal for the purpose mentioned in the relevant sections. Unutilized amount should be re-deposited in Account ‘A’ immediately. Non-compliance of this rule will render the depositor to lose exemptions under relevant section.
 
 
 
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We are proud to inform that our Nairobi Branch is now ISO certified with ISO 9001:2008 (2013-2016) for Provision of Banking Services


The bank never asks any confidential information to customers such as: ATM card no., credit card no. ATM pin, user id of internet banking, login password, transaction password, account number, etc. If such information is asked over phone or mobile or through email, avoid disclosing such confidential information to the caller. In such cases Customers are requested to bring this to the notice of their parent branch/call centre


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As per RBI directive PIN is required for debit card PoS transactions on domestic terminals from 1.10.13.



Cash withdrawal limit through ATMs has been increased from Rs.15000/= to Rs.25000/= w.e.f. 01/06/2013



International Card transactions temporarily blocked


To extend the benefit of exercising another option to join the existing pension scheme in terms of Joint Note dated 27.04.2010 to Officers / Family Members of deceased Officers who had taken voluntary retirement from Bank's service on or after 29.09.1995 under Regulation 19(1) of Bank of India Officers' Service Regulations 1979


Public Notice for BOI Customer.


Cash Retraction feature has been disabled on all BOI ATMs in terms of RBI guidelines.


Interest Subsidy for Education Loans

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Capital Gain Tax Saving Scheme