What is a UTR Number & How to Check It?

Whenever you make a bank-to-bank fund transfer through an online mode, you get a Unique Transaction Reference or UTR number that you can use to track your transaction status. Whether you make a fund transfer through Immediate Payment Service (IMPS), National Electronic Fund Transfer (NEFT), Real Time Gross Settlement (RTGS), or even Unified Payment Interface (UPI), you will find a UTR number linked to your particular transaction. This article explains UTR numbers, their importance and how to check them. Also, learn how to check your transactions' status through HDFC Bank’s PayZapp.

UTR numbers serve various purposes that can help manage financial transactions more efficiently. Here are a few reasons why UTR numbers matter:

Transaction Tracking:

UTR numbers allow easy tracking of transactions. They are beneficial for both banks and customers as they help keep a record of each transaction’s progress from initiation to completion. Moreover, transaction tracking ensures that funds are transferred accurately and received by the intended beneficiaries without any errors.

Accounting Purposes:

With the help of UTR numbers, banks can create a clear record of all monetary transactions. UTR numbers make it easier to identify specific transactions and can also be used to resolve any disputes. They help maintain trust and transparency in the financial system.

Tax Purposes:

Tax authorities require UTR numbers when you file your income tax returns. They use these numbers to check and verify your reported income and ensure the accuracy of disclosed financial transactions. These numbers thus help prevent fraud and tax evasion while ensuring that individuals and businesses pay their fair share of taxes per their tax slabs and capital gains.

Proof of Payments:

UTR numbers are proof of payment when you need to make substantial payments like buying a property, settling loans or conducting a significant business transaction. You can use these numbers for legal and financial documentation as they prove that you have fulfilled your financial obligations.

There are different methods that you can choose to check UTR numbers. Some of the most common ways to check UTR numbers include:

Bank Statement or Passbooks:

The simplest way to find your UTR number is to check your bank account statements or passbook. When you initiate a transaction, banks provide a reference number or ID, which is considered a UTR number. You can look for the reference number associated with each transaction.

Internet Banking:

If you have opted for Net Banking services, you can easily find the UTR number online by following these steps:

• Log in to your Net Banking account and navigate to the transaction history or statement section.
• Select the specific transaction you want to find the UTR number for.
• In the transaction details, you will find the associated UTR number.

Mobile Banking:

If you prefer to use Mobile Banking services, you may follow these steps, which may typically vary depending on your bank app’s user interface.

• Launch the Mobile Banking application on your smartphone and open your account details.
• Head to transaction history or open account statement.
• Choose the desired transaction, and you will see the UTR number assigned to it.

Click here for quick online payment through PayZapp on your IOS phone.

Click here to make an online UPI payment through PayZapp on your Android phone.

Email or SMS:

If you have opted for SMS and email services, your bank will send transaction confirmation on these platforms. These transaction confirmations include the UTR number that you can use to check the transaction status. Moreover, many banks send account statements to your email. If you have opted for this service, you can check the UTR number from the account statements sent by your bank via email.

Mobile Payment Applications:

If you use mobile payment applications such as PayZapp by HDFC Bank, you may find UTR numbers in the application's passbook or transaction history section. Here’s how you can check your UTR number:

• Open the mobile payment application and tap the passbook section to view transaction history.
• Select the specific transaction (if you are using PayZapp, use the filter option for quick results).
• Look for the alphanumeric code associated with the particular transaction. This should be the UTR number.

HDFC Bank’s PayZapp is your go-to solution for seamless Online Payment. The app enables instant fund transfers, bill payments, recharges, and various other transactions, all designed for maximum convenience. It caters to diverse user needs with payment options via Credit and Debit Cards, Net Banking, UPI, and PayZapp cash wallet or prepaid cards. PayZapp also rewards you with Cashpoint rewards and exclusive deals, enhancing the value of your transactions. Its passbook feature offers a detailed spending record, allowing you to track and assess your financial habits effortlessly. Explore PayZapp today for a smarter payment experience!

*Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances.