Bank Account updation on Income Tax Portal : New rules

Bank Account updation on Income Tax Portal

1. Add a bank account which is linked with your PAN (bank account number must be linked with your PAN) to receive refund.
2. Refund can be issued in following account types: Savings, Current, Cash Credit, Over Draft & Non Resident Ordinary.
3. The Name as per PAN and Name in your bank account must match.
4. Refund cannot be issued to bank accounts which are closed, invalid, under litigation or in blocked status.
5. EVC can be enabled for Individual taxpayers only, for one validated bank account at any given time.
6. To Enable EVC, Mobile number or Email Id as in e-Filing user profile should match with the details linked with the bank account.
7. If there is any change in mobile number or email Id linked with bank, update the contact details in e-Filing user profile and then revalidate your added bank contact to get your updated contact details validated from bank.
8. EVC can be used for following: verifying income tax returns and other forms, e-Proceedings, refund reissue request, reset password and secured login to e-filing account.
9. EVC can be enabled for the bank account of following banks only. List of Banks