What is Udyam Registration for MSMEs?

Udyam Registration is the official MSME registration system started by the Ministry of Micro, Small and Medium Enterprises for small businesses in India. Once you register, you receive a unique Udyam Registration Number (URN) and a digital certificate that proves that your business is a recognised MSME.

This Udyam certificate contains key details like your business name, address, Aadhaar, PAN, bank details, activity type, and investment/turnover. Many banks, NBFCs, and government departments now ask for Udyam Registration to give loans, subsidies, or scheme benefits to MSMEs.

Why updated information matters

Keeping your Udyam details updated, especially bank details, is necessary if you want to avoid problems while applying for loans, subsidies, or payments. Even a small mistake in the bank account number or IFSC can cause delay, rejection, or return of payment to the sender.

Common reasons to change bank details

Some common situations when MSME owners need to update bank details on Udyam are:

• You have shifted to a new bank for better services or lower charges.

• Your existing branch has merged, and the IFSC has changed.

• You have opened a new current account in the name of the business and want all payments in that account.​

• There was a typing mistake in bank account number or IFSC at the time of registration.

• Your earlier bank account has become inactive or closed.

Why Updating Bank Details on Udyam Registration Is Important

1. To receive government scheme benefits and subsidies

Many central and state government schemes, interest subvention plans, and subsidy programs release payments directly into the bank account linked with your Udyam certificate. If your bank details are old or wrong, the benefit may get rejected or returned, and you may not even know it.

2. For correct verification and compliance

Lenders and departments verify your name, PAN, Udyam certificate, and bank account before they approve any facility. If the bank account belongs to a different name or contains errors, it can create doubts and delay verification.

3. To avoid delays in payments or rejections

Incorrect bank details lead to failed NEFT/RTGS/IMPS payments, which wastes time for both you and the sending authority. By updating bank details correctly on Udyam, you keep your profile clean and help ensure smooth payment processing in future.

Prerequisites Before Updating Bank Details

Before you start the update process on the Udyam Registration portal, keep the following ready so that the process is smooth and quick:

• Udyam Registration Certificate and URN (Udyam Registration Number).

• Aadhaar number of the business owner or authorised signatory as used during registration.

• PAN of the business or proprietor, as applicable.

• Access to the mobile number linked with Aadhaar for OTP verification.

• New bank account details:

  • Bank name and branch.

  • Correct account number.

  • IFSC code as per your bank passbook or cheque.

• A stable internet connection and a supported browser like Chrome or Edge.

If any of these basic details (Aadhaar, PAN, mobile) has changed, you should first get them updated in their original sources (UIDAI, PAN database, bank) before you try to update on Udyam.

Step-by-Step Process to Update Bank Details on Udyam Registration Portal

Step 1: Visit the Udyam Registration Official Website

First, go to the official Udyam portal on your browser: https://udyamregisteration.org/

. Make sure you type the URL correctly and check for “.gov.in” so that you do not land on any fake or third-party website when you want to update government records.

On the homepage, look for options like “Update Udyam Registration” or “Update Details” under the Print/Update section. This section is meant for existing MSMEs who want to edit or correct their details, including bank information.

If you do not want to deal with the full government form or you find the official site confusing, you can also take help from private MSME support platforms such as udyamregisteration.org that assist users in filling and updating Udyam forms more easily compared to the government website, especially for first-time or non-technical users.

Step 2: Login Using Your Registered Credentials

Once you click on the update option, you will be asked to enter your Udyam Registration Number. After that, the system will ask for Aadhaar verification using the mobile number linked with Aadhaar, and an OTP will be sent to that number.

• Choose the “Update Udyam Registration” option when prompted.

• Enter your Udyam number and Aadhaar details.

• Enter the OTP you receive on your Aadhaar-linked mobile to login.

If the OTP does not come, wait for some time and check your network or try resending the OTP. Make sure the SIM linked with Aadhaar is active and in your phone.

Step 3: Access the Editable Application Form

After successful OTP verification, you will see your existing Udyam application form with all details you submitted earlier. Scroll through the form and look for the section that mentions “Bank Details” or “Bank Account Information”.

In this section, you will normally see fields like:

• Bank name.

• Branch name (optional in some forms).

• Bank account number.

• IFSC code.​

Carefully edit the fields to enter your new bank account number and the latest IFSC code exactly as printed in your bank passbook or cancelled cheque. A single missing digit or wrong IFSC can cause payment failures later, so take your time at this step.

Step 4: Review and Confirm Changes

Once you have entered the new bank details, scroll to the top and bottom of the application and review all fields. Sometimes, business owners make changes in other fields by mistake while editing, so it is safer to check the full form once.

Things to double-check:

• Name of entrepreneur or business is correct and matches PAN and bank account.

• Aadhaar and PAN numbers are correct and unchanged.

• Bank account number and IFSC are typed correctly twice if needed.

• Address, email, and mobile number are still valid.

After reviewing, click on the “Submit” or “Update Details” button at the bottom. In many cases, the changes reflect instantly or within a short time, and you may see a confirmation message that your Udyam details have been updated successfully. It is a good habit to take a screenshot or note down the reference number shown on the screen.

Common Issues While Updating Bank Details

While the process is simple, MSME owners sometimes face errors while updating bank details:

• OTP not received or not verified: This usually happens due to network issues, inactive SIM, or if the mobile number linked with Aadhaar is different from the number you are using.

• Mismatch in Aadhaar and PAN information: If your name or date of birth is different in Aadhaar, PAN, or bank records, the system may show an error or fail verification.

• Portal timeout or session expired: During peak hours, the government site can be slow or log you out automatically if you take too long to fill the form.

• Incorrect IFSC or inactive account: Ifyou enter an IFSC that does not exist or an account that is closed, future payments may bounce even if the portal accepts the update.

When such problems repeat or you are not confident about handling them yourself, it is practical to use support services or guided form-filling help on user-friendly platforms like udyamregisteration.org, which are designed to be easier compared to the official government website for normal users.

Tips to Ensure Successful Bank Detail Update

To avoid errors and save time, follow these simple tips while updating bank details on the Udyam portal:

• Always use the Aadhaar-linked mobile number so that you can receive OTP without failure.

• Make sure your name is the same on Aadhaar, PAN, Udyam certificate, and the bank account to reduce chances of mismatch.

• Use supported and updated browsers such as Google Chrome or Microsoft Edge, and avoid using multiple tabs for the same portal.

• Try to update during non-peak hours, like early morning or late evening, to reduce chances of server slowdowns or timeout.

• Keep your new bank passbook, cheque, or bank statement open while typing, so you can cross-check account number and IFSC easily.

• After submission, do not close the browser until you see a clear success message.

How to Check Status After Updating Bank Details

After updating, you should verify that the new bank details are correctly saved in your Udyam certificate.

• Go to the Udyam portal again and look for “Print/Verify Udyam Registration” option in the menu.

• Enter your Udyam Registration Number and required security details to view the certificate.

• Check the “Bank Details” section in the downloaded certificate and confirm that the new bank name, account number, and IFSC are showing correctly.

Once you are satisfied, download the revised Udyam certificate and save it on your computer and phone and also keep one printout for bank, lender, or government office requirements. You can share this updated certificate whenever you apply for MSME loans, tenders, subsidies, or other benefits.

Conclusion

Keeping your bank details accurate and updated on your Udyam Registration is not just a formality; it directly affects your ability to receive payments, claim subsidies, and use MSME schemes smoothly. A few minutes spent on updating and verifying your Udyam certificate today can save you from payment failures, document mismatch issues, and loan delays in the future.

Make it a habit to review your Udyam details whenever there is any change in your bank, address, turnover, or contact information so that your MSME profile always stays clean and ready for every new opportunity your business wants to grab.