What can be the reasons for refund failure?
Failure of credit of refund can be due to one or more reasons as listed below:
- If your PAN is inoperative, your refund will get failed and you will see a warning message to link your PAN with the Aadhaar.
- Incorrect Bank Details (Account no, MICR Code, IFSC Code, Name mismatch etc.)
- Account holder KYC is pending
- Account details given are other than Current Account or Saving Bank Account
- Account Description is incorrect
- If the account that you have mentioned in the ITR has been closed.
- In case the bank account is not pre-validated. It is now compulsory to pre-validate your bank account.
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