The 'Refund Banker scheme' facilitates transmission of refunds generated on processing of Income tax Returns by CPC-Bangalore/AO to State Bank of India, CMP branch (Refund Banker) for further distribution to taxpayers.
Refunds are being sent in following two modes:
Taxpayers can view status of refund 10 days after their refund has been sent by the Assessing Officer to the Refund Banker.
Status of 'paid' refund, being paid other than through 'Refund Banker', can also be viewed at www.tin-nsdl.com by entering the 'PAN' and 'Assessment Year'.
'Refund paid' status is also being reflected in the 'Tax Credit Statements' in Form 26AS.