UTR stands for what in banking systems?

UTR means what in banking systems. Elabrote the full form of UTR.

6 Answers

Relevance
  • 1 decade ago
    Favourite answer

    a unique no. generated for every transaction in RTGS system

    UTR is a 16 digit Alpha-Numeric code, the first 4 digits contains the Bank Code in alphabets, 5th one meant for the message code, 6th & 7th mentions the year, 8-10th mentions Julian Date (No. of

    days in the calendar year are reckoned as the basis to arrive at the date of remittance) and

    the last 6 digits mentions day’s serial no. of the message.

  • 5 years ago

    This Site Might Help You.

    RE:

    UTR stands for what in banking systems?

    UTR means what in banking systems. Elabrote the full form of UTR.

    Source(s): utr stands banking systems: https://shortly.im/alDg2
  • Sandra
    Lv 4
    5 years ago

    For the best answers, search on this site https://shorturl.im/axzLy

    pretty much the US is screwed because the people who run the banks have all the money and the people of this country aren't doing anything about it. they're too busy watching American Idol. People are fine with the fact that their country is going to s*** as long as it doesn't effect them which it wont right away. Now all this stuff is starting to effect people but they're too afraid to do anything about it. "oh those people in the government will figure something out". WELL THEY WONT you gotta stand up for what you believe in and let your opinion be heard or else people with power will step on you because no ones complaining about it. kinda off topic but i felt like ranting

  • Anonymous
    4 years ago

    Utr Meaning

  • What do you think of the answers? You can sign in to give your opinion on the answer.
  • Anonymous
    6 years ago
  • 1 decade ago

    UTR = Unique Transaction Reference

    When bankers transact they have to give a transaction number that is called UTR No.

    Source(s): My knowledge.
Still have questions? Get answers by asking now.