Hello,
I am writing to seek guidance on a matter I encountered while attempting to file my Income Tax Return (ITR) and receive potential refunds. Recently, I added my bank account details to the income tax portal for processing the ITR. The account validation process was successful; however, I noticed a discrepancy in the account type displayed in the portal.
Upon checking my bank account details in the income tax portal, I observed that the account type is listed as "Current," whereas my actual bank account is a "Savings Account." I attempted to resolve the issue by removing the bank account information and re-adding it, but the portal continues to display the account type as "Current."
My concern is whether this account type mismatch could potentially impact the processing of my refund transaction. I want to ensure a smooth and accurate refund process, and any insights or assistance from the forum members would be greatly appreciated.
Thank you for your time and expertise in this matter.
Issue with Income Tax Portal - Bank Account Type Mismatch for Refund Transaction
Monisha Naidu (3 Points)
25 July 2023