Taxpayers can add bank accounts for refunds online

Taxpayers can easily add a bank account to their income tax profiles online. This is vital for receiving tax refunds and other payments from the Income Tax Department. To start, visit the income tax e-filing portal at www.incometax.gov.in. Log in using your PAN, Aadhaar, or valid credentials. You will need to enter an OTP sent to your registered mobile number for confirmation. Once logged in, go to the ‘Profile’ section. Click on ‘My Bank Account’ under ‘Profile settings’. You can then select ‘Add bank account’ and input the necessary details. This includes your bank name, account number, account type (savings or current), IFSC code, and branch information. After verifying the details, click ‘Proceed’ to submit your request. The new bank account will need to be verified through Net banking or EVC verification. You can check the verification status in the ‘My bank accounts’ section. If verified, your account will show ‘Validated’ and ‘EVC enabled’. This means it is ready for tax refunds and e-verification of returns. Remember, only validated bank accounts can be used for tax refunds. Make sure that the PAN linked to your bank account is the same as the one on the income tax portal. You can add multiple bank accounts but must select one as the main one for refunds.