LIVE GST Certification Course by CA Arun Chhajer begins 21st April. Register Now!!

Prevalidation bank account

07 October 2021

In income tax portal, bank account details shows account is validated but inside 3 dots it shows validation in progress.Account is validated or not?

Reply
Follow
Share

5 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 07 October 2021

It may be in process

1 Like

Rajesh (NA) (248 Points)
Replied 07 October 2021

Are you getting a Green Tick against the status as Validated on main screen? If so consider the account as validated. Save the screenshot for future reference.

I have similar situation. Only Mr. Nandan Nilekani probably knows why there's so much of discrepancy in this process and status update. And trust me that remark Validation in progress is perpetual. It will not change till eternity.

If you wish, you can just log a grievance on the portal telling them that you see conflicting messages. Well it won't help much but still a feel good factor.

Are you going to enable EVC on that account and are you going to use it for refund credit?

The only way to surely validate an account in my observation is to logging thru Bank's Internet Banking system to efiling website. Banks like BOB, ICICI, Central, Axis etc work well in this regards of efiling integration thru Internet banking..

1 Like

ajay sawlani (21 Points)
Replied 07 October 2021

Thanks a lot Sir for your detailed answer!
I just want refund, EVC is not required.

Rajesh (NA) (248 Points)
Replied 07 October 2021

I had similar concern. So I finally opened another account in bank of baroda (min balance just 2000 Rs) got myself registered for internet banking and linked my bob a/c with IT portal thru efiling login. Now I have a clear-cut pre-validated account without ambiguous or conflicting status fully validated and EVC enabled. I will use that now for all refund credits.

I made several requests to the concerned bank and Income tax Helpdesk to solve the issue or clarify if such status is ok but no one bothered.

I solved it simply by opening a brand new a/c with BOB

Most imp thing is your name, PAN, email and mobile must match between bank records and efiling portal.

If you name is Ramakrishna in bank and Ramkrishna in IT portal (PAN) it will fail.