Banking
UTR
Also known as: Transaction Reference Number, Payment Reference
Unique Transaction Reference - 22-digit code for NEFT/RTGS transactions.
Detailed Explanation
UTR (Unique Transaction Reference) is a 22-digit alphanumeric code assigned to NEFT, RTGS, and IMPS transactions. It serves as proof of payment and helps track transaction status. For loan prepayments, always note the UTR to ensure the bank credits the amount to principal on the same day.