In this article Jk Students stock will briefly discuss about Why is the NSP Scholarship application sent for Bank Validation
In this process, PFMS verifies whether the bank account details of the student i.e. IFSC code, Account No. etc. are correct/valid. If the bank details are found incorrect/invalid, the application would be rejected by PFMS. In this case, the payment process may be completed only after account correction in the application, if correction provision is available on NSP.