How to Add and Pre-Validate Bank Account on the Income Tax e-Filing Portal?

How to Add and Validate Bank Account on the Income Tax e-Filing Portal?How to Add and Pre-Validate Your Bank Account on the Income Tax e-Filing Portal? It can be done through PAN/Aadhaar and through Net Banking. Check the article for further details.

The Income Tax Department’s e-Filing portal provides a convenient way for taxpayers to add and pre-validate their bank account details.

Having your bank account linked to the e-Filing portal streamlines the process of tax payments, receiving refunds, and other financial transactions related to your tax filing. There are two methods to add a bank account to your e-Filing profile.

How to Add and Pre-Validate Your Bank Account on the Income Tax e-Filing Portal?

Adding and pre-validating your bank account on the Income Tax e-Filing Portal is importnat for several reasons.

Firstly, only a pre-validated bank account can be nominated to receive your Income Tax refund. This ensures that your refund is directed to the correct and authorized account, avoiding any delays or complications.

Moreover, a pre-validated bank account serves multiple purposes for individual taxpayers. It can be used to enable Electronic Verification Code (EVC) for e-Verification purposes.

E-Verification through the pre-validated bank account can be utilized for various actions such as filing Income Tax Returns and other Forms, participating in e-Proceedings, requesting Refund Reissue, resetting passwords, and ensuring secure login to your e-Filing account.

Method A: By Logging into Income Tax Portal Using PAN/Aadhaar

Step 1: Log in to the e-Filing portal incometax.gov.in using your Permanent Account Number (PAN) or Aadhaar number, along with the required credentials.

Step 2: Once logged in, navigate to the “My Bank Accounts” section. Here, you’ll find a list of bank accounts already added to your profile (if any). Click on the “Add Bank Account” button.

How to Add and Validate Bank Account on the Income Tax e-Filing Portal?

Step 3: On the “Add Bank Account” page, you’ll need to provide the following details:

  • Bank Account Number: Enter your complete bank account number without any spaces or special characters.
  • Account Type: Select the type of account from the dropdown menu (e.g., Savings, Current, etc.).
  • Holder Type: Specify whether the account is held individually or jointly.
  • IFSC (Indian Financial System Code): Enter the 11-digit IFSC code of your bank branch.

How to Add and Validate Bank Account on the Income Tax e-Filing Portal?

Upon entering the IFSC code, the bank name and branch details will be automatically populated based on the provided code.

If your bank is integrated with the e-Filing portal, your registered mobile number and email ID will be pre-filled from your e-Filing profile, and these fields will be non-editable.

Step 4: After entering all the required details, click on the “Validate” button.

How to Add and Validate Bank Account on the Income Tax e-Filing Portal?

Upon successful validation, a success message will be displayed on the screen, and you’ll receive a confirmation message on your registered mobile number and email ID.

How to Add and Validate Bank Account on the Income Tax e-Filing Portal?

Method B: By Logging in Using Net Banking

Step 1: Log in to the e-Filing portal using your net banking account credentials.

How to Add and Validate Bank Account on the Income Tax e-Filing Portal?

Step 2: Upon logging in through net banking, the e-Filing portal will automatically verify if the bank account used for login is already added under the “Added Bank Accounts” tab.

3

If the bank account is not already added, a confirmation message will be displayed, showing the masked account number and IFSC, asking you to confirm if you want to add this account to your e-Filing profile. Click “Continue” to proceed.

Confirmation and Status

For both methods (A and B), once you confirm the addition of the bank account, the account details will be included under the “Added Bank Accounts” tab on your e-Filing profile. The status of the added account will be displayed as follows:

  • “Validated”: This status indicates that the Electronic Verification Code (EVC) is enabled for any existing bank account linked to your profile.
  • “Validated and EVC enabled”: This status means that your PAN, account number, IFSC, and registered mobile number have been successfully validated by the bank, and the EVC is not enabled for any other bank account linked to your profile.

3

Related Articles:

If you need to remove a bank account from your e-Filing profile, follow these steps:

Step 1: Under the “Added Bank Accounts” tab, locate the bank account you wish to remove and click on the “Remove Bank Account” button in the “Action” column.

Step 1

Step 2: A dropdown menu will appear, prompting you to select a reason for removing the bank account. If none of the pre-defined reasons apply to your situation, select “Others” and enter the specific reason in the provided text box. Then, click “Continue“.

Step 2

Upon successful removal of the bank account, a confirmation message will be displayed on the screen.

Success Message

Conclusion

By adding and pre-validating your bank account details on the e-Filing portal, you can ensure a smooth and efficient process for tax payments, refunds, and other financial transactions related to your tax filing.

The e-Filing portal provides a secure and user-friendly platform for managing your tax-related information, including your bank account details.

Leave a Reply