ITR Filing FY 2023-24 (AY 2024-25) live

File your ITR Hassle-Free and Maximise your Refunds

File Today
  • TrustedTrusted by 1 Million+ Users
  • User Rating4.8 Star User Rating
  • SecureAuthorized by Tax Department
ITR Filing

How to Pre-validate Bank Account to receive an Income Tax refund?

Updated on: 17 Feb, 2024 12:02 PM

If an excess TDS is deducted at the source, there is an option to always ask for a refund from the Income Tax Department. You can claim this refund at the time of ITR filing. The ITR department verifies the filing and accordingly provides you with the refund. It's important to note that refunds are now transferred electronically to your bank account linked with your PAN (effective from 1st March 2019).

To be eligible to get this refund, it is important to first pre-validate your bank account on the income tax e-filing portal. To pre-validate the bank account, read the guide below:-

How to pre-validate bank account online on the Income Tax portal?

Step 1: Visit the income tax e-filing portal at Login to the portal.

income tax e-filing portal

Step 2: Select “My Profile”, from the dashboard.

My Profile

Step 3: On My Bank Accounts page, the Added, Failed, and Removed Bank Accounts tabs will be displayed.

My Bank Accounts page Removed Bank Accounts tabs

Step 4: On the My Bank Accounts page, click Add Bank Account.

Add Bank Account

Step 5: Enter the Bank Account Number, select Account Type and Holder Type, and enter IFSC. Bank Name and Branch get auto-populated based on IFSC. Ensure that the PAN, name, mobile number, and email address provided match those registered with your bank account to ensure successful pre-validation.

Enter the Bank Account Number

Step 6: A successful message will display once the validation option is selected. Your bank details and request will be sent to your bank. The validation status will be updated on the portal within 24 hours. You will also receive a message on your mobile number and email ID registered on the e-Filing portal.

e-Filing portal
  • If the validation is successful,the bank account details will appear in the ‘Added Bank Accounts’ tab with the status ‘Validated and EVC enabled’.
  • If the validation fails, the details are displayed under ‘Failed Bank Accounts’ tab. The failed bank accounts can be re-submitted for re-validation.

Are you still waiting for your tax refund? There might be some errors in your return or you may missed the complete information regarding your income. To know what could be the reason your refund is hold back, consult with our tax experts.

Common Validation Errors on Income Tax Portal

Error Reasons Solution
Restricted Refund Name mismatch between the PAN & Bank Update the name on PAN or name in bank records
PAN - Bank account - IFSC linkage failed PAN not available with bank Contact branch to link your PAN with the bank account or update KYC
Submit re-validation request
Invalid IFSC In case of bank mergers, the IFSC code may change
  • Click Re-Validate,
  • Enter the correct IFSC
  • Submit re-validation request
Account number does not exist Wrong account number entered
  • Click Re-Validate
  • Enter the correct bank account number
  • Submit re-validation request
  • - Bank account closed / inactive
  • - Zero balance / Inactive account
  • - Litigated Account
  • - Account frozen or blocked
Unusable bank account
  • Click Re-Validate,
  • Try with a different bank account number.

What are the prerequisites for successful pre-validation?

For your bank account pre-validation to be successful, your PAN details should be updated in the bank database. Also, your name, as mentioned on the PAN card and in the bank account, should be the same.

If a bank account is pre-validated, will it also be EVC enabled?

No, Only the pre-validated bank account having the same contact details i.e., mobile number in

  1. Bank account and
  2. Income Tax Account

can be EVC enabled.

Can I enable more than one pre-validated bank account for EVC?

No, only one bank account can be enabled by EVC (electronic verification code). If any one of your accounts is already EVC enabled, you won’t be able to enable any other account for EVC at the same time.

Important points

  1. For successful pre-validation, you must have a valid PAN registered with e-Filing and an active bank account linked with the PAN.
  2. If you wish to EVC-enable that bank account, you will need to update your contact details on the e-Filing portal to match your details registered with the bank or update the mobile/email at the bank’s end, same as your e-filing registered primary mobile/email. Once details are updated, revalidate your bank account.
  3. The pre-validation process is automatic. Once your request is submitted, it is sent to your bank. The validation status is updated in your e-Filing account within 10 - 12 working days.

Frequently Asked Questions

Q- How to check my Income Tax refund status online?

You can check the income tax refund status via the income tax portal or within a few minutes easily via Tax2win, “Check your Income Tax Refund Status” tool.

Q- How to link my PAN to the bank account?

You need to visit the bank to link PAN with the bank account.

Q- Is it mandatory to pre-validate the bank account?

The income tax department only issues refunds through direct credit in a bank account. Hence, it becomes important that you pre-validate your bank account on the e-filing portal.

Q- How much time does it take to pre-validate the bank account?

As the process is automated, it usually takes a couple of hours to confirm whether your account is successfully prevalidated or not. In case the validation fails, the status is reflected on the income tax portal under profile settings and is also communicated on your registered mail ID by the income tax department.

People also ask

CA Abhishek Soni
CA Abhishek Soni

Abhishek Soni is a Chartered Accountant by profession & entrepreneur by passion. He is the co-founder & CEO of Tax2win is amongst the top 25 emerging startups of Asia and authorized ERI by the Income Tax Department. In the past, he worked in EY and comes with wide industry experience from telecom, retail to manufacturing to entertainment where he has handled various national and international assignments.