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The department pays an interest of 0.5 per cent pm or 6 per cent pa is paid from April 1 till the date of the credit of the refund.
You have to make sure your bank account is pre-validated on the new income tax portal and PAN is linked to receive the income tax refund. Now, if for some reason you have not received the income tax refund amount, then you can raise a refund reissue request. Here is a step by step guide to do the same.
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Because the refund value is transferred back to the account by the department, the bank account number must be mentioned when filing ITR.