The bank account validation process for Income Tax Return (ITR) filing in India typically takes about 10 to 12 working days. This is an automated process where the bank account details submitted on the Income Tax e-filing portal are verified with the bank. If the bank is integrated with the e-filing portal, this process can be faster and sometimes almost instantaneous. Once validated, the account can be used to receive income tax refunds and for electronic verification of the return. Key points about the process:
- After submitting the bank details and clicking "Validate" on the portal, the request is sent to the bank for verification.
- The validation status usually gets updated in the e-filing portal within 10 to 12 working days.
- If validation is delayed beyond this period, taxpayers can check for errors or re-validate their bank details.
- The bank account must match the PAN holder's name exactly to avoid validation failure.
- Some portals mention the status update could occur within 24 hours, but typically the complete process for validation spans around 10-12 working days for confirmation.
- It is recommended to use banks integrated with the income tax portal for faster validation.
Thus, it is advised to pre-validate the bank account well ahead of filing the ITR to avoid delays in refunds or verification processes.
