ITR Refund: If these mistakes have been made related to your bank account, then there may be a delay in getting your refund. You should rectify it immediately to get a refund.
Income Tax Refund: Income Tax Department keeps giving information related to issuing Income Tax Refund from time to time.
Recently, the IT Department has given information to those taxpayers who have not yet received their income tax refund. It is worth noting that there are many taxpayers in the country who have not received the refund even after filing the IT return. There can be many reasons behind this.
One of the reasons for this is wrong information related to bank accounts. If you have also made this mistake related to bank details, then there may be difficulty in processing your refund. Know about this.
In which situation the bank account may have to be revalidated?
- If your bank has merged with some other bank.
- You have changed the bank branch.
- In case of change of bank account.
- If the bank account has become inactive.
- The IFSC code of your account has changed.
How to check validation status of bank account-
- For this, first visit the e-filing portal.
- Next, go to the profile and click on My Bank Accounts.
- Here you select the option of Revalidate.
- After this, enter all the information related to bank details.
- After this click on Validate button.
- After this, your new account will be validated within a few hours.
Refund money will not be available in these accounts-
While validating the bank account, keep in mind that the information related to the account you want to validate must have PAN related information required in this account. Along with this, it is also necessary to complete the process of nomination in the account. Refund money will not be received in the account in which PAN information is not entered.
