Answer

ITR

Refund failed after a bank merger changed the IFSC

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  1. Facts

    After a bank merger, the old IFSC may stop working and refunds can fail. You need to update the IFSC, revalidate the account and raise a reissue.

  2. Provisions and law

    • e-Filing portal, Refund Reissue serviceLets a taxpayer request a fresh payment of a refund that failed.
  3. Analysis

    Get the new IFSC from your bank or passbook. Edit the account in your profile or add it again with the new IFSC, then validate. Raise the reissue request once validation succeeds. Check that the name matches your PAN.

  4. Conclusion

    1. Get the new IFSC from the bank.
    2. Update and revalidate the account.
    3. Raise the reissue request.
    4. Track the status.

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