![]() In case of the transaction is stuck somewhere, causing you a tonne of worry, the UTR helps you and the employee at the bank to get complete information regarding it. The UTR is the essential part of the transaction, simplifying the process of tracking the transaction. This is because other details within a particular transaction may be the same as another transaction. Since the UTR code is unique to its transaction, it is only with this that you can track your transaction. On the whole Unique Transaction Code is used to track the status of the financial transaction. Why is UTR important and How to use the SBI UTR Number? Since there is no fixed format for the UTR Number, it differs from bank to bank. ![]() A UTR Number may consist of a combination of alphabets and numbers, or it may just contain alphabets. One can find a Unique Reference Number in their online bank statements or account passbooks. And this UTR Number can be used to track your transaction in case something happens. Thus every financial transaction has a unique UTR Number assigned to it. It creates different UTRs for transactions through NEFT(National Electronic Fund Transfer), RTGS(Real Time Gross Gross Settlement), or even UPI (Unified Payments Interface) transactions. No transaction has the same UTR, thus helping better track the transaction.īanks generate UTRs for all kinds of transactions. This number is given to identify a particular transaction, and every UTR is unique to the transaction. UTR expands to ‘Unique Transaction Reference Number. What does UTR mean? What is the SBI UTR Number?
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