It is a unique number that is generated for recognizing any fund transfer and is created by the bank that facilitates the transfer.

What is neft transaction reference number. UTR number is used to track funds if they get stuck or get a reference of a transaction earlier. Input all the account details of the beneficiary which also includes their name account number IFSC code and bank name. For every transaction the bank provides a UTR no which you can use for any query related to the transaction.

But note down the 16-digit Unique Transaction Reference number generated by your branch after a transaction. RTGS transactions UTR numbers are 22 characters long while NEFT transactions UTR numbers are 16 characters long. This is instrumental for future reference in case you want to track the transaction or.

If you need any queries regarding that transactionyou can quote that NEFT Reference Number and get the details. NEFT system also facilitates the one-way cross-border transfer of funds from India to Nepal under the Indo-Nepal Remittance Facility Scheme. After completion of the transaction remitter of funds receives a confirmation message.

The term UTR No. For example if you do the a NEFT transaction with a branch of Union Bank of India the Union Bank of India will provide the UTR No. It is used for NEFT and RTGS transactions.

This is the unique number generated after a successful NEFTRTGS transfer. NEFT Timings NEFT works on a round-the-clock basis ie. Heres a simple breakdown of the UTR number of RTGS transactions.

Each of the two types of bank transactions have a unique UTR number format. The contact numbers are present on the website of the Reserve Bank of India. For every successful NEFT transaction your Bank will provide a UTR number Unique Transaction Reference No.