The RTGS (Real-Time Gross Settlement) number, more accurately known as the RTGS UTR (Unique Transaction Reference) number, has a specific alphanumeric format.
The RTGS UTR number format is: YYYYMMDD followed by an 8-digit sequence number.
Here's a breakdown:
- YYYYMMDD: Represents the transaction date in the format year (4 digits), month (2 digits), and day (2 digits). For example, 20240105 would represent January 5th, 2024.
- 8-Digit Sequence Number: A unique 8-digit number assigned to the transaction on that particular day.
Example:
A valid RTGS UTR number might look like this: 2024010512345678
This indicates the transaction took place on January 5th, 2024, and its sequence number for that day was 12345678.
Key Differences from NEFT UTR Numbers:
It is important to note the difference in the format compared to NEFT (National Electronic Funds Transfer) UTR numbers. While RTGS UTR numbers use the full YYYYMMDD format for the date, NEFT UTR numbers use a 2-digit year followed by a 3-digit Julian date. Additionally, NEFT UTR numbers have a 6-digit transaction reference number, whereas RTGS UTR numbers have an 8-digit sequence number.
