How to Update Bank Account Details for Refund on Income Tax Portal
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Updating Bank Account on IT Portal
Receiving your tax refund quickly depends on having correct bank
account details in the Income Tax portal.
Why Update Bank Account Details?
- Refunds are directly credited to your account
- Avoid refund processing delays
- Required for all ITR filings
- Ensures smooth verification process
Step-by-Step Process
1. Login to the IT e-filing portal
2. Go to "Profile" section
3. Click on "Bank Accounts"
4. Select "Add Bank Account"
5. Enter account details and IFSC code
6. Submit for pre-validation
7. Wait for penny drop verification
Common Issues and Solutions
If validation fails, check that your name in the portal matches
your bank account name exactly.