PFMS validates the bank account details of the taxpayer claiming refund i. Word Verification: Required Invalid Enter the letters as they are shown in the image above (Letters are not case-sensitive). Click the link , You may view the list of Banks integrated with PFMS from Home Page>User Support> Bank Account Validation Time ". PFMS means the Public Financial Management System (formerly Central Plan Scheme Monitoring System) which is used by government agencies to make. Validation of Bank Accounts in the Public Financial Management System (PFMS) for speedy & smooth disbursal of IGST (Integrated Goods &.