Full Form of a UTR
UTR full form is Unique Transaction Reference. It is the number associated with every fund transfer transaction in India. The format of the UTR code is-BANKRCYYYYMMDDNNNNNNNN
Where,
- BANK = Bank Code (eg: HDFC, ICICI, SBIN)
- R = RTGS (Real Time Gross Settlement)
- C = Channel code (eg: 9 for RTGS)
- YYYY = Year code (eg: 2017)
- MM = Month code (eg: 02 for February)
- DD =Day (eg: 15 for 15th February)
- NNNNNNNN = 8-digit unique transaction code
If your NRI account is debited but the beneficiary has not received the funds then you need to use the UTR and contact the bank customer support team. It would help the bank to trace the transaction. UTR number makes the transaction process in India smoother and easier.
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