What Is UTR Number In PhonePe?

By Charlotte Miller

Are you curious to know what is UTR number in PhonePe? You have come to the right place as I am going to tell you everything about UTR number in PhonePe in a very simple explanation. Without further discussion let’s begin to know what is UTR number in PhonePe?

What Is UTR Number In PhonePe?

In the rapidly evolving landscape of digital payments and mobile wallets, services like PhonePe have become household names. These platforms offer a seamless and convenient way to manage finances, pay bills, and transfer money. However, to ensure the security and transparency of transactions, unique identifiers like the UTR (Unique Transaction Reference) number come into play. In this blog, we’ll explore what the UTR number is in the context of PhonePe and its significance in digital transactions.

What Is PhonePe?

PhonePe is a popular digital payment platform in India that allows users to make a wide range of transactions, including peer-to-peer transfers, bill payments, online shopping, and more. It’s a UPI (Unified Payments Interface) based app, meaning it leverages the UPI system to facilitate secure and real-time money transfers between bank accounts.

The Role Of UTR Number In PhonePe

  1. Transaction Tracking: The UTR number is a unique alphanumeric code associated with each financial transaction processed through PhonePe. It acts as a transaction identifier, allowing both users and financial institutions to track and verify the status of a particular payment or transfer.
  2. Confirmation of Completion: When you initiate a transaction on PhonePe, such as transferring money to another user or paying a bill, the UTR number is generated once the transaction is successfully completed. This number serves as proof that the transaction has been processed.
  3. Reconciliation: For businesses and financial institutions, the UTR number is vital for reconciliation purposes. It helps in matching incoming funds with the corresponding transaction records, ensuring that all payments are correctly accounted for.
  4. Dispute Resolution: In case of discrepancies or disputes related to a transaction, the UTR number can be used as evidence to resolve the issue. Both the sender and recipient can reference this number when seeking clarification from the bank or payment service provider.
  5. Bank Statements: The UTR number typically appears on your bank statement next to the corresponding transaction. It aids in identifying and categorizing the transaction on your statement, making it easier for you to review your financial history.

Generating A UTR Number In PhonePe

When you perform a transaction on PhonePe, whether it’s sending money to a contact, making a bill payment, or any other financial activity, the app automatically generates a UTR number for that specific transaction. This number is usually sent to your registered mobile number or email address as part of the transaction confirmation.


The UTR number in PhonePe plays a crucial role in ensuring the transparency, security, and accountability of digital transactions. It is a unique identifier that facilitates tracking, confirmation, and resolution of financial activities conducted through the platform. As digital payments continue to gain momentum in the world of finance, understanding the importance of the UTR number is essential for both users and businesses to ensure smooth and reliable financial transactions. Whether you’re making everyday purchases or managing your finances, the UTR number in PhonePe ensures that your digital transactions are not only convenient but also secure and traceable.

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Where Can I Find My 12 Digit UTR Number?

It is a unique number that is generated for recognizing any fund transfer and is created by the bank that facilitates the transfer. You will find the UTR number in your bank statement listed as Ref no under the transaction details.

Is It Safe To Share UTR Number?

There are a few instances of scammers committing identity fraud using someone else’s UTR, so you should never share your UTR number with anyone who doesn’t explicitly need it – in the worst-case scenario, if you share your UTR on your invoices, it could end up in the wrong hands.

What Is The UTR Number In Upi?

For IMPS and UPI transactions, the UTR number is not generated. Rather only the reference number or transaction number is issued for them. It is 12 digits. The first digit of each reference number is the last digit of the year in which it was issued.

Is Upi And UTR Same?

Both a UTR Number and a UPI ID are unique identifiers in their respective systems, but they represent completely different entities. UTR Numbers identify transactions within the Indian banking system while UPI IDs identify users in the UPI payment ecosystem.

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