I have a Post Bank Saving account, as you maybe aware it does not have IFSC code which is mandatory for validating Bank account.
I seek clarity on whether it's required to validate this account. I had raised this matter earlier but received mixed response.
It will be a great help if this can be clarified.
Thanks,
If your PO is CBS enabled it will have IFSC code which can be got from PO.
Validation is not mandatory for all accounts.Only the account you tick for receiving refund validation is required.
I hope you are clear now.
No CA knows this as it's not taught in ICAI course!
CAclubindia
