Quick Summary
Income Tax Department (ITD) has advised taxpayers to verify the validation status of their bank account on the e-filing portal. This is because only validated bank accounts can be used to receive income tax refunds. To verify the validation status of your bank account, you can follow these steps
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FAQ :
You need to validate your bank account because only validated accounts can be used by the Income Tax Department to credit your income tax refunds.
You can check your bank account validation status by logging into your e-filing account on the Income Tax Department website, going to the 'Profile' tab, and then clicking on 'My Bank Account'.
A 'Validated' status means your bank account is correctly set up and ready to receive income tax refunds.
If the status is 'Pending', your account is still being validated. If it's 'Failed', you'll need to contact your bank to resolve the issue and then potentially re-validate the account via the e-filing portal.
Yes, previously validated bank accounts may require updating and re-validation if there have been any changes to your bank account details.
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