Why do we need a reference number? It’s a basic necessity for having a reference number. The last 6-digit numeric is the transaction sequence number.YYMMDD is the year, month and date of the transaction.Whereas, the UTR number of an NEFT transaction is where The last 8-digit numeric is the transaction sequence number. MMDD is for the month and date of the transaction.Since it’s SBI therefore the bank code is SBIN. When we look into its structure, there’s a slight difference in UTR numbers of RTGS and NEFT.įor example, if you do RTGS at SBI, the UTR number structure is where This means the reference number can be used for tracing a particular transaction on a specific date.Ī UTR number is a 22-digit alpha numeral for RTGS and a 16-digit alpha numeral for NEFT. UTR number is for RBI govern transaction RTGS and NEFT. Just like any other reference number such as a journal number, the trace number of the UPI reference number. What is a UTR number?Ī UTR number is a Unique Transaction Reference number assigned to inter-bank fund transfers using NEFT- National Electronic Fund Transfer or RTGS- Real Time Gross Settlement. That’s another issue, we will concentrate on UTR tracking. Today you can send inter-bank fund transfers via IMPS or UPI. Either we use NEFT or RTGS which are governed by the Reserve Bank. Likewise, when we do an inter-bank transaction that includes different banks. These reference number is nothing but unique reference point which enables one to pinpoint particular transaction digitally. We have a reference number called a journal number or a trace number. The reference number enables us to track the status of a particular transaction.Īs you know, when we do intra-bank transactions where both debit and credit accounts are of the same bank. It is a unique reference number assigned to NEFT and RTGS transactions. UTR stands for Unique Transaction Reference number. Need to track your UTR number for a certain payment? Look no further than this comprehensive guide, which covers everything from a UTR number to how to find it online.
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