“Kind Attention Taxpayers! Having a validated bank account is essential for receiving of refunds,” the income tax department wrote on X (formerly Twitter).
This reminder is due to the fact that “An already validated bank account will require re-validation after updation of account details consequent to change in branch, IFSC, Merger of bank, etc,” the message added.
The income tax department also listed the steps taxpayers should follow in order to update their existing bank account.
Visit the income tax portal.
Log in to your account.
Navigate to the “Profile” section.
Choose “My Bank Account”.
Click on “Revalidate”.
Update Bank Account Details, such as a/c No., IFSC, a/c and choose ‘Validate’.
For Adding a new bank a/c from ‘my bank’ account option choose ‘Add Bank Account’ and then Validate.