Why NSP Scholarship Payment Fails Due to Bank Issues (Complete Guide for Students)
- sangharshhhbhalera
- 5 hours ago
- 3 min read
Introduction
Many students see their NSP Scholarship status as Approved or Payment Initiated, yet the money never reaches their bank account. In most cases, the real reason is not NSP itself but bank-related issues. Understanding why NSP Scholarship payment fails due to bank issues can help you fix the problem faster and avoid losing your scholarship amount.
This detailed guide explains all possible bank errors, how they affect NSP payments, and what students should do next.
Why NSP Scholarship Payment Fails Due to Bank Issues
The NSP scholarship amount is transferred through PFMS (Public Financial Management System) directly to the student’s bank account. If any bank detail is incorrect or inactive, the payment fails automatically.
Below are the most common reasons.
1. Incorrect Bank Account Number
Even a single wrong digit in your account number can cause NSP Scholarship payment failure due to bank issues.
Impact:
Payment rejected by bank
PFMS shows Payment Failed or Rejected by Bank
Solution:
Log in to the NSP portal
Correct your bank account number
Ensure it matches your bank passbook
2. IFSC Code Mismatch or Wrong IFSC
The IFSC code identifies your bank branch. If the IFSC is wrong or outdated, NSP payments fail.
Common mistakes:
Old IFSC after bank branch merger
Typing errors
Solution:
Verify IFSC on your bank’s official website
Update it correctly on NSP
3. Bank Account Not Linked With Aadhaar
Most NSP scholarships require Aadhaar-seeded bank accounts.
Why this matters:
PFMS validates Aadhaar linkage before payment
Unlinked accounts are rejected
Solution:
Visit your bank branch
Link Aadhaar with your bank account
Confirm Aadhaar seeding status
4. Inactive or Dormant Bank Account
If your bank account has no transactions for a long time, it may become inactive.
Result:
NSP payment returned to PFMS
Solution:
Make a small deposit or withdrawal
Ask the bank to activate your account
5. Account Holder Name Mismatch
The name on NSP must match exactly with the bank records.
Common issues:
Spelling differences
Initials vs full name
Solution:
Update name on NSP or bank
Keep consistency across Aadhaar, bank, and NSP
6. Bank Account Closed or Changed
If you closed your bank account after applying for NSP, the payment will fail.
Solution:
Update new bank account details on NSP
Ensure it is active and Aadhaar-linked
7. PFMS Bank Validation Failure
Sometimes, the bank details are correct, but PFMS validation fails.
Reasons:
Temporary PFMS server issues
Bank API errors
Solution:
Wait for 3–7 working days
Track status on PFMS portal
How to Check NSP Scholarship Bank Payment Status
Step-by-Step Process:
Visit PFMS portal: https://pfms.nic.in
Click on Know Your Payments
Enter your bank account number
Select bank name and captcha
View payment status
What to Do If NSP Scholarship Payment Fails Due to Bank Issues
Immediate Actions:
Verify bank details on NSP
Check Aadhaar-bank linkage
Ensure account is active
If Payment Is Rejected:
Correct bank details
Contact your bank branch
Raise grievance on NSP portal
How Long Does Reprocessing Take?
Once bank details are corrected:
Reprocessing usually takes 15–45 days
Payment is sent in the next PFMS cycle
Important Official Links (CTA)
NSP Portal: https://scholarships.gov.in
PFMS Portal: https://pfms.nic.in
NSP Grievance Redressal: https://scholarships.gov.in/Grievance
Frequently Asked Questions (FAQ)
Q1:Why does NSP payment fail even after approval?
Because approval only confirms eligibility. Bank verification happens later through PFMS.
Q2:Can NSP resend failed payment?
Yes, after correcting bank details, payment is reprocessed in the next cycle.
Q3:Is Aadhaar mandatory for NSP payment?
Yes, for most schemes Aadhaar-linked bank account is required.
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