A NEFT ID is more accurately referred to as the NEFT Reference Number or the UTR (Unique Transaction Reference) number. This is a unique, 16-digit alphanumeric code assigned to each NEFT (National Electronic Funds Transfer) transaction.
Essentially, it's a tracking number for your NEFT transaction, allowing you (and the bank) to identify and trace the transfer.
Key Points:
- Also known as: NEFT Reference Number or UTR Number
- Format: 16-digit alphanumeric code
- Purpose: Uniquely identifies and tracks a NEFT transaction
How it's Used:
- Tracking: If a NEFT transaction is delayed or fails, the UTR number is crucial for investigating the issue with the bank.
- Confirmation: Banks often use the UTR number in transaction confirmations.
- Dispute Resolution: If there is a discrepancy or dispute, the UTR number provides verifiable evidence of the transaction.
Therefore, remember that the "NEFT ID" you're looking for is most likely the 16-digit UTR number provided upon initiating or receiving a NEFT transfer.
