The BCCI on Tuesday announced a Rs 5 crore bonus for the Indian cricket team after the Ajinkya Rahane-led side won the fourth and final Test against Australia to clinch the series 2-1 and retain the Border-Gavaskar trophy.

India chased down a mammoth total of 328 in the final Test to end Australia's 32-year unbeaten run at the Gabba, Brisbane.

BCCI president Sourav Ganguly and secretary Jay Shah tweeted within minutes of each other to make the announcement. The Board later issued a formal statement, applauding the team.

"It was a series that showcased grit, determination, and resilience of the highest quality," said the BCCI.

"The Board applauds the efforts displayed by the team on and off the field... The BCCI is proud of this magnificent feat and has announced a cash reward of 5 crore INR to the team," it added.

Ganguly, a former India captain of great repute, said the "value of this win is beyond any number".