Failure for Income Tax Refund

A refund from the income tax department scheduled to be paid in a particular assessment year (AY) may fail to get credited to your bank account for various reasons. A few of the reasons for the failure of the refund getting credited in your account could be:

• In case the bank account is not pre-validated. 
• The name mentioned in the bank account does not match with PAN card details. 
• In case of an invalid IFSC code. For example, a bank might have undergone a merger and there has been a change in the IFSC code, but you have failed to update the same.
• The account that you have mentioned has been closed