Is a UTR code generated during transfer within a bank?
Answer (1)
15th May, 2023
When we transfer money from one bank to another, a UTR number is generated. It might happen via NEFT or RTGS. During a direct transfer of money from one account of the same bank to another, no UTR number will be generated. However, one would have receive a transaction ID. This will work as a reference number for any subsequent inquiries.
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