What is UTR Number & How to get UTR Number?

Almost every financial institution in India uses UTR numbers to send money locally, which is helpful for recipients who have not received credits related to their transactions.

The term UTR refers to a unique transaction reference. This number identifies a particular payment transaction. For example, the bank that facilitates a financial transfer assigns a unique number to identify any fund transfer.

What is a UTR Number?

UTRs, or Unique Transaction Reference numbers, are used to identify NEFTs, IMPSs, and RTGSs transactions. All banks use UTR numbers in India for the local mode of payment transfers, and they can be beneficial for recipients who have not received an update or credit about their payment.

How to get UTR Number?

Your UTR number can be found on your bank statement. The UTR number displays as Reference Number just beneath each transaction detail.

An Indian UTR number, for example, would look like this: XXXXR7310682908954385XX

UTR numbers typically have a few characters that vary depending on which bank generated them. One of the simplest and fastest ways to determine the UTR number of a certain transaction is to consult your account statement.

You can download or view this statement using your bank’s mobile app or internet banking. UTRs are frequently displayed next to transaction dates and are either 22 or 16 characters long.

Also Read: NEFT vs. RTGS: What’s the Difference?

UTR Number Format

For RTGS, the UTR number is 22 characters long.

For NEFT, the UTR number is 16 characters long.

The UTR number format for RTGS transactions is AAAARCYYYYMMDD. ########where:

  • The first four characters of an IFSC bank code are AAAA.
  • R stands for the RTGS system.
  • The transaction is represented by channel C.
  • The year, month, and day of the transaction are represented as YYYYMMDD.
  • ######## The sequence number is indicated by ########.

How to track UTR Transaction?

If your NEFT transactions are delayed, you can utilize UTR numbers to monitor their status. If your account is debited for a specific transaction but the receiver has not yet received the funds, you can contact the bank’s customer support staff to have the transaction tracked.

You could also ask your assigned Relationship Manager to track the status of the transaction using the UTR number.

Other options for tracking the status of your UTR transaction include:

  • Use the mobile app or internet banking of your bank.
  • Examine prior transfer data.
  • To locate a specific transaction, enter the UTR number.
  • The status of the transaction will be displayed.

Also Read: IMPS vs. NEFT: What’s the Difference?

How to find the UTR Number of NEFT Transaction?

As previously noted, the UTR number for a transaction can be determined by looking at the full account statement inside your bank’s online banking department. The UTR number can then be found by clicking the information tab or narration. A thorough description of the transaction will be provided.

You may instantly identify any sort of transaction by using the UTR number format. As previously stated, NEFT transactions are identifiable by a 16-character UTR number. As a result, an NEFT transaction’s UTR number can be used to readily track its progress.

Why do I need a UTR number?

A UTR number is mostly used to track and identify financial transactions. You may follow financial transfers using the UTR number, for example, to see whether they are being held or taking longer than expected. You can also use the UTR number to look up a previous transaction.

When money is transferred between two Indian bank accounts, UTRs are generated. In India, there are two methods for transferring money between bank accounts: NEFT and RTGS. The bank generates a UTR for both transactions.


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Frequently Asked Questions

What is the UTR number in NEFT and RTGS transactions?

UTR numbers stand for Unique Transaction Reference Numbers. UTR numbers are used in NEFT and RTGS transactions. In addition, for each transaction, the bank provides a UTR number, which can be used for future questions about the transaction.

What is the UTR reference number?

Transactions made through IMPS, RTGS, or NEFT are identified by the Unique Transaction Reference (UTR).

Can I check my UTR number online?

To find your UTR number, log into your Government Gateway account. This service allows you to create a personal HMRC account. If your tax return hasn’t been submitted, HMRC will send you reminders and communication if it hasn’t been introduced.

Are UPI and UTR the same?

Because the UTR number will not be given as such, some individuals may be confused when looking for it. Transaction numbers, UPI reference IDs, order numbers, and transaction identification numbers are all referred to as UTRs.

Can I submit a tax return without a UTR?

To be accepted by HMRC, tax returns must include a UTR number. It is impossible to submit a return without one.

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