Full Form of UTR Number
UTR stands for Unique Transaction Reference. It is the reference number for every fund transfer transaction in India. The UTR code is written in the following format: 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 has been debited but the beneficiary has not received the money, use the UTR and call the bank's customer service team. It would assist the bank in tracing the transaction. The UTR number facilitates and speeds up the transaction procedure in India.
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