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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:
Method 1: Bank Statements or Passbooks
Step 1. Access Your Statement or Passbook
Obtain your recent bank statement or passbook. You can usually download your statement from your bank’s online portal or visit the bank to get a physical passbook update.
Step 2. Locate the Transaction
Look for the transaction you want to check. The UTR number is listed under the transaction details, which includes the transaction date, amount, and reference number.
Step 3. Find the UTR Number
Look for a section labeled ‘Reference Number,’ ‘UTR Number,’ or ‘Unique Transaction Reference’ in your transaction details.
Method 2: Internet Banking
Step 1. Log In
Access your bank’s internet banking portal using your secure login credentials.
Step 2. Navigate to Transaction History
Go to the ‘Transaction History’ or ‘Account Statement’ section, depending on your bank’s interface.
Step 3. Select the Transaction
Find the specific transaction you want to track. Click on it to view detailed information.
Step 4. View UTR Number
The UTR number will be displayed in the transaction details. Look for a field labeled ‘UTR,’ ‘Reference Number,’ or similar.
Method 3: Mobile Banking
Step 1. Open Your Banking App
Launch your mobile banking app and log in with your credentials.
Step 2. Go to Transaction History
Navigate to the ‘Transaction History’ or ‘Account Statement’ section within the app.
Step 3. Select the Relevant Transaction
Find and select the transaction you need.
Step 4. Find the UTR Number
The UTR number should be visible in the transaction details, usually under ‘Reference Number’ or ‘UTR.’
Method 4: Transaction Confirmation Email or SMS
Step 1. Check Your Email or SMS
Look for the email or SMS confirmation of the transaction. This is typically sent immediately after the transaction is completed.
Step 2. Find the UTR Number
Open the message and locate the UTR number, which will be included in the transaction details section of the confirmation message.
Step 3. Retrieve the UTR Number
Copy or note down the UTR number for tracking or reference purposes.
How to Track UTR Number Online?
To track your UTR number online, follow these steps:
Step 1. Log in to Your Bank’s Internet Banking Portal
- Open your bank’s official internet banking website. Ensure you’re using a secure connection.
- Log in with your user ID and password. Some banks may also use additional security steps like OTPs (One-Time Passwords) or security questions.
Step 2. Navigate to Transaction History
- Find the Section: Look for tabs or links such as ‘Transaction History,’ ‘Account Statement,’ or ‘Transactions.’
- Select the Account: Choose the account from which the transaction was made if you have multiple accounts.
Step 3. Locate the Relevant Transaction
- Search for the Transaction: Use filters to narrow down the date, amount, or transaction type to find the specific transaction.
- View Details: Click on the transaction to view its details.
Step 4. Find the UTR Number
- Check Transaction Details: Look for a field labeled ‘UTR Number,’ ‘Reference Number,’ or ‘Unique Transaction Reference’ in the transaction details.
- Note the Number: Write down or copy the UTR number for tracking purposes.
If you have trouble finding your UTR number, contact your bank’s customer support for assistance.
More Reads on Transaction Status Checks
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.
