A UTR number is assigned to every NEFT and RTGS transaction in India. It serves as a tracking ID, helping banks and customers monitor the status of fund transfers. When a transaction is initiated, the banking system generates a unique 16- or 22-character UTR, ensuring seamless identification ...
The IMPS reference number is unique to each transaction and cannot be used for multiple transactions. Q.10) What is the difference between a UTR number and an IMPS reference number? A UTR number is used for tracking NEFT and RTGS transactions, while an IMPS reference number is specific to ...
A UTR number is assigned to every NEFT and RTGS transaction in India. It serves as a tracking ID, helping banks and customers monitor the status of fund transfers. When a transaction is initiated, the banking system generates a unique 16- ...