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What Is a UTR Number?
A Unique Transaction Reference (UTR) number is an alphanumeric code that uniquely identifies financial transactions in India. It is generated by banks every time a transaction is initiated, whether through NEFT, RTGS, IMPS, or UPI. It acts as a digital signature that differentiates one transaction from another, allowing banks and customers to track and verify payments.
UTR Number Example
When you transfer funds from one bank account to another, a UTR number is automatically generated to uniquely identify that transaction. For instance, NEFT transactions typically have a 16-character UTR number, UPI transactions have a 12-digit code, while RTGS transactions usually have a 22-character UTR.
Here’s a sample UTR number:
XXXXRCYYYYMMDD########- XXXX: The first four characters represent the IFSC (Indian Financial System Code) of the sender’s bank.
- R: Indicates that the transaction was processed through the RTGS system.
- C: Represents the channel of the transaction (e.g., internet banking, mobile banking).
- YYYYMMDD: Represents the year, month, and date of the transaction.
- ########: A sequence number assigned to the transaction.
How To Check UTR Number?
Finding your UTR number is easy and can be done using multiple methods. Here are the most common ways to check it:
1. Bank Statements or Passbooks
The UTR number is often listed in your bank statement or passbook under the transaction details. Simply review the specific transaction to find the unique reference number.
2. Internet Banking
Log in to your bank’s internet banking portal. Go to the transaction history or account statement section, select the desired transaction, and the UTR number will be displayed in the details.
3. Mobile Banking
Most banking apps allow you to check your UTR number quickly. Open the app, head to your transaction history, and select the transaction in question to view the UTR.
4. Transaction Confirmation Email or SMS
If you have opted for email or SMS notifications for transactions, your bank will typically send a message containing the UTR number after a transaction is completed. You can check your email or text messages to retrieve it.
These methods make it simple to track your UTR number, ensuring you can monitor your transactions with ease.
How to Track UTR Number Online?
To track your UTR number online, follow these steps:
- Log in to Your Bank’s Internet Banking Portal: Access your bank’s online banking platform using your credentials.
- Navigate to Transaction History: Go to the ‘Transaction History’ or ‘Account Statement’ section, where you can view details of past transactions.
- Find the Relevant Transaction: Locate the transaction you want to track. The UTR number should be listed in the transaction details.
- Use Mobile Banking Apps: Alternatively, open your mobile banking app, go to ‘Transaction History,’ and find the UTR number for the specific transaction.
- Check SMS or Email Notifications: Banks often send transaction details via SMS or email, including the UTR number, which you can use to track the transaction.
- Contact Customer Support: If you have trouble finding your UTR number, contact your bank’s customer support for assistance.
More Reads on Transaction Status Checks
- UPI Transaction Status by UTR Number
- RTGS Status by UTR Number
- IMPS Reference Number Tracking
Importance of UTR Numbers
UTR numbers play a crucial role in various aspects of financial transactions. Here are some of the key reasons why they are important:
Transaction Tracking
UTR numbers serve as unique identifiers for each transaction, making it easy to track and monitor their status. They help ensure that payments are processed correctly and efficiently, providing a clear record of the transaction’s journey.
Dispute Resolution
In case of discrepancies or disputes, UTR numbers provide concrete evidence, helping to resolve issues efficiently. They allow both parties to reference the exact transaction details, facilitating faster and more accurate resolution.
Accounting and Taxation
UTR numbers play a key role in maintaining accurate financial records and ensuring compliance with tax regulations. They are crucial for reconciling accounts, preparing financial statements, and verifying transactions for tax purposes.
Security and Transparency
By providing a traceable record of transactions, UTR numbers enhance both the security and transparency of financial processes. They help prevent fraud and ensure that all transactions are recorded and visible to the relevant parties.
Frequently Asked Questions
1. What is the UTR number in GPay?
The UTR number in Google Pay (GPay) is typically displayed as the “Transaction ID” or “Reference Number”.
When you make a transaction using GPay, you’ll usually find the UTR number in the transaction details or history section of the app.
2. Can I use a UTR number to dispute a transaction?
Yes, UTR numbers can be used as evidence to dispute transactions if necessary.
3. How is a UTR number generated?
A UTR number is automatically generated by the bank when a financial transaction is processed. It includes various components such as the bank’s code, transaction type, date, and sequence number.
4. What should I do if I cannot find my UTR number?
If you cannot find your UTR number, check your recent bank statements, passbook, or transaction notifications. You can also contact your bank’s customer service for assistance.
5. How long is a UTR number?
The length of a UTR number varies depending on the type of transaction. For NEFT transactions, it is typically 16 characters long. For RTGS transactions, it is usually 22 characters long and for UPI transactions, it is 12 characters long.
