How To Avail The Benefits After Getting Your PAN Linked With Your Bank Account?


Income tax Department will credit your refund directly to the bank account only if the bank account is seeded with PAN of the taxpayer. Further, for refunds above a particular threshold, the name of the taxpayer as per bank account and name as per the Income Tax Database should match.
After the bank account is updated with your PAN, you should also pre-validate your bank account on the e-filing website. This can be done in three ways:

Option 1 – Use NetBanking to E-filing account redirection (recommended)
Option 2 — Use pre-validated bank account functionality on the e-filing portal if you do not have a net banking facility
Option 3- Provide IFSC code of Bank Branch and Bank Account where PAN has been linked

Steps for each of the above options have been elaborated below.

Use redirection from NetBanking website of the bank to e-Filing account

 Go to the internet banking website of your respective bank. Provide Login Details and Login to your internet banking website with the help of your banking registered user id and password.
 Go to TAX center or E-Tax or any similar facility after login to NetBanking website of the bank
 After logging into theNetBanking website of the bank select e-verify option which is usually under the ‘Tax’ or ‘e-Tax’ or ‘Tax Center’ tab. Select the PAN and Bank Account for re-direction/e-Verification/e-Filing. Submit to get re-directed to Income Tax Department e-Filing website to the e-Filing account of the taxpayer
 You will be redirected to the e-filing website of the income tax department.
 Your Bank Account will be treated as validated and ready for ECS credit of any refund due.

Use Pre-validated bank account functionality on e-filing portal
 Login to Income Tax Department’s e-Filing portal- www.incometaxindiaefiling.gov.in
 After login to e-filing portal, fill up details by selecting “Pre-validated your bank account” link under “Profile setting”
 Fill the appropriate fields and Submit to pre-validate your bank account
 The details will be immediately cross-validated with the bank and if confirmed by a bank then your Bank Account will be treated as validated and ready for ECS credit of any refund due.

Provide IFSC code of Bank Branch and Bank Account where PAN has been linked

 Login to Income Tax Department’s e-Filing portal- www.incometaxindiaefiling.gov.in
 After login to e-Filing portal, select the “Pre-validated your bank account” tab under “Profile setting” section. Since NetBanking redirection and pre-validation has not been used or has failed or is not applicable (the bank is not in the list), you can submit the bank details which will be verified by Department separately.
 Fill the appropriate fields and provide IFSC code of Bank Branch and Bank Account where PAN has been linked.
 The details will be cross-validated with the bank within a specified period and if confirmed by the bank then your Bank Account will be treated as validated and ready for ECS credit of any refund due.
Once the actions are completed, the bank account which is validated will be displayed to the taxpayer in the E-filing account. This service can be accessed by logging in to the Income Tax Department’s e-filing website by selecting the “pre-validate your bank account” option under the “profile setting” section.

Visit us at www.trutax.in

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