Google

February 3, 2014

ITR PROCESSED REFUND DETERMINED AND SENT OUT TO REFUND BANKER

QUESTION:

From- Gagan

I filed one return and it is having an refund of 40k on 31 July 2013 for ay 2013-14. After checking online for refund status it says ITR processed refund determined and sent out to Refund Banker. What that exactly means? Should I ask the banker???Thanks in Advance



ANSWER:

Hi Gagan,
Thanks for visiting our page and posting your query. Please find your answers below:

1. The status as given above means that, your refund order has been issued by the department and the department's bank i.e. SBI will soon credit refund in the designated account, given by you at the time of filing the return, or a cheque will be sent to you if ECS mode is not chosen.

2. Check your Bank account within 10 to 15 days of above status. If the refund is not credited in your account then make a refund reissue request.



Hope this helps you. Feel free to contact further.






11 comments:

  1. i filed my tax returns for AY 2012-13 two months back and below is the current
    online status shown:
    ITR processed refund determined and sent out to Refund Banker
    what does it mean.
    who is refund banker?
    how long it takes for me to see the return credit to my bank account.

    ReplyDelete
    Replies
    1. The refund Banker in State Bank of India and the refund will take approx 15 days to be credited into your account.

      Delete
  2. I had filed for a refund of 75000 for 2015-16. Now the status says " ITR processed refund determined and sent out to Refund Banker".

    Does ot mean the entire amount of 75000 will be refunded or does it mean IT department will refund only partial amount. How do I find out the exact amount they will finally refund?

    Thanks for your help

    ReplyDelete
  3. FY 2014-15 AY 2015-16 WHILE TDS RETURNS ECS MODE IS NOT ASKING NOW. SO HOW THEY REFUND THE MONEY BY CHEQUE OR ECS..

    ReplyDelete
  4. For the FY 15-16 i had filled for a refund of Rs.45000, but the refund is unpaid due to wrong A/c No. but when i applied for refund reissue, the website is not accepting the request stating that ""the refund has been paid or no refund is due". What should I do now?

    ReplyDelete
  5. For the FY 15-16 i had filled for a refund of Rs.45000, but the refund is unpaid due to wrong A/c No. but when i applied for refund reissue, the website is not accepting the request stating that ""the refund has been paid or no refund is due". What should I do now?

    ReplyDelete
  6. i have given my icici account...do i receive it

    ReplyDelete
  7. for the year 2015-16 i have filed but i dnt send ITRV last year. this year only i have send the ITRV can i get the refund now or what else i have to do.. pls let me know

    ReplyDelete

  8. Your assessing officer has not sent this refund to Refund Banker.
    If this refund has been sent by your Assessing Officer within the last week, you may wait for a week and again check status.


    Please confirm me what is the clear meaning of this status

    ReplyDelete
  9. My status is "Your assessing officer has not sent this refund to Refund Banker" for the last 20 days. Please suggest what does this mean and how much time do we need to wait ??

    Thanks in Advance
    Navneet Singh

    ReplyDelete

Please add a comment in case of any query or if you like the post