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Post Office Savings Bank Account

08 August 2021

I have a Post office savings Bank account, it does not IFSC. Do I need to add this account for validation in the Income tax portal?

Kindly Advice.

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8 Replies

Mahesh Shah (2308 Points)
Replied 08 August 2021

P.o savings bank will not have IFSC, try to show, but it will not reflect,
but, don't forget to show p.o,sb ac intreast & deduction

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Karun Menon (602 Points)
Replied 08 August 2021

Thanks, I have included interest in my Gross Income for taxation purpose. Since IFSC is not available, I thought of not validating the account as it will not get validated.

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 08 August 2021

Not required

prasanth (ipcc) (209 Points)
Replied 08 August 2021

For post office saving accounts, need not require IFSC ...

Karun Menon (602 Points)
Replied 08 August 2021

Thank you,

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CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 08 August 2021

Your welcome

sabyasachi mukherjee (27574 Points)
Replied 08 August 2021

IFSC IS A COĎE WHICH IS BEING OFFERED BY BANKS.
DIFFERENT BANKS HAVE DIFFERENT IFSC CODE.THIS ENABLES SEAMLESS TRANSFER OF FUNDS.

Karun Menon (602 Points)
Replied 11 August 2021

@ Prasanth , I did not get you, you have mentioned for P O Account IFSC is not required. You cannot validate any account without IFSC, it's mandatory. can you kindly let me know if there is any way to validate POSB account. Thanks