askvity

What is Txns in Banking?

Published in Banking Transactions 1 min read

In banking, "Txns" refers to the transaction number. According to information from the ISSUING BANK, a transaction number (Txn) is specifically the transaction number assigned to every transaction in the ISSUING BANK online system. Each transaction receives this unique identifier.

In essence, the transaction number serves as a distinct and trackable reference point for each financial activity within the bank's digital infrastructure. This is crucial for auditing, reconciliation, and customer service.

Related Articles