These days, most of the people do online transactions. online transactions are finished in lots of ways, like NEFT, RTGS, and UPI. Typically, the money sent through those reaches the alternative account on time; however, from time to time, due to a few causes, the money gets stuck in the course of transfer and does not attain the alternative account.
In such a state of affairs, the UTR wide variety (particular transaction reference number) is available on hand. This number is issued to you while a transaction takes place between two banks.
Understand what using the UTR quantity is UTR is likewise referred to as a transaction quantity or reference range. that is an alphanumeric code this is created with the aid of financial establishments after a transaction is performed so that it is straightforward to pick out each transaction. With its help, the popularity of the fund transfer is ascertained. If the transaction is stuck someplace, then you additionally get data approximately it from the UTR quantity. When we call the patron care variety after the transaction fails, the customer support officer also asks us for the UTR number.
What number of digits does the UTR have?
The UTR of NEFT and RTGS has exceptional digits. A sixteen-digit UTR number is issued for NEFT, and a 22-digit UTR quantity is issued for RTGS. While you study your financial institution announcement or mini announcement, you may find the UTR quantity recorded in the front of it. The UTR wide variety for UPI is 12 digits. It consists of details like bank code, mode of transaction, channel, date, and a unique sequence number.
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