_{Failed Bank Account Validation}

_{1. At what stages, Bank Account details is sent to Public Financial Management System (PFMS) for validation?}

_{Bank Account details is sent to PFMS for validation, in following stages:}

• _{When Refund application is filed by the taxpayer}

• _{When there is an updation of Bank Account by the taxpayer}

• _{When Form GST RFD-05 is issued by the Tax Official}

_{2. Why Bank Account validation fails?}

_{Bank validation may fail for below reasons:}

_{1. Invalid Bank name}

_{2. IFSC Code mismatch}

_{3. IFSC code is inactive in PFMS}

_{4. IFSC code doesn't exist in PFMS}

_{3. Bank Validation Status is showing as “Failed”. What should I do now?}

_{In case, Bank Validation Status is showing as “Failed”, you can:}

• _{Select a different Bank account from the “Select Account Number” drop-down list or}

• _{Add a new Bank account/ rectify the details for existing Bank account by filing the non-core amendment application of registration and then update the Bank account.}

_{4. How can I update Bank Account details, in case, Bank Account validation has failed?}