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a unique no. generated for every transaction in RTGS system (Unique Transaction Reference)

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.

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What is the full form of utr no in banking sector?

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