Most people today have a savings bank account for many reasons—it’s a safe place to store money, helps earn interest, and makes transferring funds or paying bills easy with UPI or net banking. It also gives access to services like loans or investments. As part of your tax reporting, it’s necessary to declare all your active Indian bank accounts to the tax department.
All active domestic bank accounts must be reported in your tax return.
Steps to Add an Indian Bank Account
There are two ways to add your bank account details:
1. Import from ITD using Autofill
- Navigate to Profile Icon > View Profile
- Go to My Profile > Bank Accounts
- Choose the option Import from ITD using Autofill
- Connect to ITD via Aadhaar OTP or credentials
Your bank accounts pre-validated on the income tax portal will be autofilled.
2. Add Manually
- Navigate to Profile Icon > View Profile
- Go to My Profile > Bank Accounts
- Choose the option Add Manually
- Select type as Domestic Bank Account
- Add the required details - Account Type, IFSC, Name of Bank, and Account Number.
In case of refund, make sure your bank account is pre-validated and nominated for refund on the Income Tax Portal.