UTR Full Form

UTR Full Form

In India, UTR full form is Unique Transaction Reference number. Also in the UK, UTR-number stands for Unique Taxpayer Reference number, so don’t be confused by these two, as Unique Transaction Reference number is what we are gonna discuss.

In India with every transaction you make, a particular UTR number will be induced by the bank that is instigating the fund transaction. UTR-number is well-known in distinct terms for several transaction protocols.

Whether you are sending money to India or transferring funds from India, you will always require a UTR- number for that. Likewise, in the process of inter-bank money transfer, there will be a unique UTR number. Indeed, in India, whether it’s an online transaction or offline, every sort of money transaction possesses a specific UTR number. So if you are planning to do a money transfer shortly you must retain a clear understanding of what UTR-number is?

Below, we have presented basic information about UTR in banking and its use in your money transaction.

What is a UTR number?

Unique Transaction Reference number or UTR-number is a certain reference code that the banks developed by considering a particular money transfer. With the backup of a UTR-number, the National Electronic Funds Transfer(NEFT) or Real-time Gross Settlement(RTGS) fund transfers could be effortlessly recognized as each transaction possesses a particular UTR-number and that is what sets it apart from the other fund transfer you did. 

In India, all the banks are taking up the UTR numbers for all kinds of money transactions. It has two major advantages:

  1.  one is for the recipients and the other is for the bank or the government themselves. When there is no current update or credit related to the transaction this UTR number can help the recipients 
  2. On the other hand, UTR numbers enable the banks and the government to oversee every transaction.

What is the significance of the UTR number?

There are many usefulness or importance of Unique Transaction Reference Number, some of them are listed below. 

  • UTR-number is extremely useful to specify a particular inter-bank financial transaction.
  • As a consumer, with the help of the UTR- number it’s feasible for you to track your transaction status.
  • In the case of interbank transactions, a Unique Transaction Reference Number can help you to find out any delays for a financial transaction.
  • Also, in such a case where from the NRI account the money is debited, but yet the recipient has not got the money, then by using the UTR number the sender can contact the customer support team of the bank that initiated the transaction and then the helping team can trace the transaction and inform you about the cause of the delay. 

How can you find your UTR number?

You can easily find out the UTR number from your bank statement. In your bank statement, the unique transaction reference number is mentioned as“ref no” just under the transaction details. Furthermore, this is the era of internet banking, so you can easily view your account statement in mobile banking applications. 

How many characters are there in a UTR number?

There are only two different methods to transfer money from one bank to another in India. These methods are,

  • National Electronic Funds Transfer(NEFT)
  • Real-Time Gross Settlement(RTGS)

For RTGS, the UTR number consists of 22 characters, whereas in the case of NEFT these are 16 characters. In RTGS fund transfer, the generated UTR-number looks like:- 


Here, in this reference no,  

  • XXXX” stands for the IFS code of the bank.
  • “R” means RTGS system. 
  • C” indicates the transition channel. 
  • “YYYYMMDD” indicates the date of the money transfer in the year, month, and day format. 
  • “########” is the specific placement number for the transaction.