BANK VERIFICATION FAILED ON NEW INCOME TAX PORTAL

Users are encountering 'Bank Verification Failed' errors on the new Income Tax portal, particularly after the Corporation Bank merger with Union Bank of India. This issue prevents them from filing their Income Tax Returns (ITR). The problem seems related to updated IFSC codes following the merger. Suggestions include re-adding the bank account with the new IFSC code and attempting reverification. Some users also report discrepancies where a bank appears validated on the profile but not within the ITR form.