Changed Your Salary Account? Update Your Bank Details to Avoid Disruption

Kokila Chokkanathan
If you have recently changed your salary account, it is crucial to update your bank details with your employer and other relevant authorities to ensure timely credit of your salary and avoid payment disruptions.

Why Updating Salary Account Details Is Important

Salary Credits: Your employer may continue sending salary to your old account if details are not updated.

Government Benefits & Allowances: For government employees or pensioners, allowances, Dearness Relief (DR), and pensions may get delayed.

Tax Deductions: Linked Form 16, TDS, and other tax documents will reflect your old account if not updated.

Direct Benefit Transfers (DBT): Subsidies, refunds, or other government transfers may fail if the bank account is outdated.

Steps to Update Your Salary Account

1. Inform Your Employer

  • Submit a written request or online form to the HR/Payroll department.
  • Provide new bank account number, IFSC code, and bank branch details.
  • Keep a confirmation receipt for records.
2. Update Online banking / Payroll Portal

  • Many organizations allow self-service updates via employee portals.
  • Upload scanned documents like bank passbook or account statement for verification.
3. Link With Other Services

  • Update account for:
    • Income Tax e-Filing / Form 26AS
    • EPF (Employees’ Provident Fund) contributions
    • Insurance or allowances
Tips for a Smooth Transition

  • Check with Old Bank: Ensure no pending credits or automatic transfers exist.
  • Confirm Salary Payment: Verify that your next salary is credited to the new account.
  • Keep Backup: Maintain old account for a few weeks until all automated transfers are redirected.
  • Notify Authorities: If you receive government benefits, update details in DBT portals like PFMS.
Conclusion

Changing your salary account without updating records can lead to delayed salary, missed benefits, and tax complications. Timely notification to your employer, proper documentation, and verification ensure that your salary, allowances, and other payments are credited smoothly to your new account.

 

Disclaimer:

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.

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