ITR Refund: 6 Common Reasons For Bank Account Revalidation

If you have not received your income tax refund , it may be due to a need for bank account revalidation, as per the Income Tax Department 's guidelines.

Situations Requiring Account Updates
To ensure a successful refund, you must update and revalidate your bank account information in cases of changes like bank branch, account number, IFSC code, or account holder's name.

Key Questions to Ask
If you are experiencing refund delays, consider the following questions:

Has your bank merged with another bank?
Has your bank branch changed?
Has your bank account number changed?
Has your name in the bank account changed?
Has your bank account been closed or become inactive?
Has the IFSC code of your bank account changed?

Updating and Revalidating Your Bank Account
Here are the steps to check and update your bank account validation status for a refund:

Step 1: Log in to the e-filing portal at https://eportal.incometax.gov.in.
Step 2: Navigate to ' Profile ' and select ' My Bank Accounts .'
Step 3: Choose 'Re validate ,' make necessary changes, and click 'Validate'.

Adding a New Bank Account If you need to add a new bank account, follow these steps:
Step 1: Log in to the e-filing portal at https://eportal.incometax.gov.in.
Step 2: Under the 'Profile' section, click on 'My Bank Accounts.'
Step 4: Select 'Add Bank Account' and fill in the required details.
Step 5: Click 'Validate.'

Checking Bank Account Validation Status
Handling Validation Failures
If your bank account validation fails, you can delete it by clicking on the three vertical dots on the "My Bank Accounts" screen.

Important Reminder
Ensure that only bank accounts linked to your PAN are validated and nominated for refunds. Income tax refunds cannot be credited to bank accounts not linked to a PAN.