MICR CODE
ITR refund status FY2023-24: 4 different income tax refund statuses; 8 reasons for refund failure
ITR refund status:If you have paid an excess of tax for a specific financial year, you should anticipate receiving a refund on your income tax after submitting your income tax return (ITR). Nonetheless, the refund will only be granted once the tax department has processed your ITR and issued a notice confirming it.
Income tax refund: How to raise refund reissue request; a step-by-step guide
Income tax refund: The tax department begins processing refunds after the taxpayer verifies the form electronically. The refund is typically credited to the taxpayer's account in four to five weeks. If your refund has failed, you have to submit a “Refund Reissue Request” as applicable.
AU Small Finance Bank and Fincare Small Finance Bank merger: How it is likely to impact you
Individuals who have savings accounts, fixed deposits or have availed loans from AU Small Finance Bank and Fincare Small Finance Bank are likely to be impacted by the merger.
All you need to know about IFSC and MICR code
IFSC is an 11-digit alpha-numeric code that uniquely identifies a bank-branch participating in the RBI regulated funds transfer system. MICR is a 9 digit unique code that identifies bank and bank branches in the ECS for the transfer of funds via cheque.
DBS Bank India migrates to new IFSC, MICR codes of Lakshmi Vilas Bank: Get new codes here
All old cheques issued to the third party must be replaced with new cheques by February 28, 2022. Any cheque submitted after the aforementioned date with obsolete MICR codes will be rejected.
IFSC codes of erstwhile Syndicate bank branches to change from July 1
The new IFSC can be obtained through URL canarabank.com/IFSC.html or accessing the website of Canara Bank or by visiting any Canara Bank Branch.
- Go To Page 1
IFSC codes of these PSU banks will change starting April 1
From this year (i.e., 2021), the IFSC codes and MICR codes of the amalgamating banks will be discontinued and the codes used by the anchor bank will replace them. Savings account holders of the amalgamating banks will have to make note of the new IFSC and MICR codes.
Erstwhile Syndicate Bank cheque books valid till June-end
Customers can obtain new cheque books and information on new IFSC or MICR codes of the erstwhile Syndicate Bank branches through the bank's website, internet banking, Candi app/ mobile banking, and branches of Canara Bank, the statement said.
How to check income tax refund status
Once your income tax return is processed by the tax department, the refund will be issued to you, if due. Here is how you can check the tax refund status. Do keep in mind that the refund is processed by the State Bank of India (SBI).
Mega PSU bank mergers come into effect from April 1. 5 things a bank customer should know
You would have given your bank account numbers and IFSC codes for various financial transactions. Unless these accounts are seamlessly merged into the financial system of the anchor bank, you would be required to change the details of your bank account.
How investors can obtain Mutual Fund Utilities eCAN
The MF utilities platform allow investors to transact and view their fund holdings in one place. A unique common account number is required for this facility. Here's how mutual fund investors can obtain it.
How the Bank of Baroda, Vijaya Bank and Dena Bank merger will impact you
From getting a new a/c number to dealing with branch rationalisation exercise, a lot will change for customers.
What you should know about income tax refunds
Income tax refunds are processed in two ways: Direct credit through RTGS / NECS or by a paper cheque.
RBI launches app for android, iOS platforms
The application can be downloaded from the Play Store/App Store, using the keyword 'Reserve Bank of India'.
How to register multiple bank accounts when investing in mutual funds
To provide more flexibility in transacting, mutual funds allow one to register multiple bank accounts in their records.
Nachiket Mor faces resistance as many fear COO tag would make him No. 2 in RBI
Mor once heir apparent to former ICICI Bank CEO, a man brimming with ideas faces resistance as many fear COO tag would make him No. 2 in RBI.
Is your income tax return complete? Here are some caution points for error free return filing
The financial year has ended and we are again at the tax filing time of the year, some caution points would ensure an error free tax return filing.
ET in the Classroom: Why you need CTS cheques?
rom April 1, your cheque book will become invalid if it is not CTS 2010-enabled. Here's why.
Filed income tax returns online? Track your refunds now
I-T dept expects speedy processing of tax refunds if individuals have filed their tax returns online, says ET who suggests various ways to check your refund status.
How to deal with income tax refund delays
Unintentional error in bank details, delay in processing of paper income tax return (ITR), change in residential address are among the common reasons for the delay.
Top 5 reasons for delay in getting tax refunds
Delay in tax refunds is a malady more widespread than the common cold. For many taxpayers, it is an endless wait for the government to return the excess tax that has been deducted.
Keep updating default bank account in your mutual fund folio
Only if you inform the fund house about the change, your redemption proceeds, dividends etc will be directed to the new bank account.
How to change bank mandate in Mutual Funds
Investors can change the details by submitting a change of bank mandate form, along with supporting documents, at the mutual fund office or investor service centre.
MICR, IFSC code must on passbook, a/c statement: RBI
The Reserve Bank has made it mandatory for all banks to print the MICR and IFSE code on the passbook and statement of account of the customers.
Furnish correct info while filing tax returns
Your date with the taxman is under a week away. You have to file your income tax returns by July 31 if you do not want to come under the IT department’s scrutiny.
NCR to have 264 special counters for filing I-T returns
The income tax department on Monday said it will open 264 special counters from July 21-31 in the capital and national capital territory region, to accept returns from individual taxpayers.
ET in a classroom: Cheque Truncation System
It is one of the major innovations in cheque clearing after the Magnetic Ink Character Recognition (MICR) cheques introduced in the 80s.
Special return filing counter for business, docs, CAs, lawyers
Filing tax returns is going to turn more convenient for professionals like businessmen, doctors, lawyers and CAs in the capital as they can now file their returns at special counters which will be set up by the Income Tax department.
Income-tax refund in four months now
Individual and small corporate taxpayers will get income or corporate tax refunds in four months, with the refund banker scheme spreading across the country soon.
Load More
