A UPI reference number lets you conveniently make and track all your digital payments. Developed by the National Payments Corporation of India, UPI provides better security to your transactions and account details and reduces the chances of fraudulent activities.
It allows you to send money from one account to another or initiate merchant payments effortlessly. This has been of great benefit to consumers as well as small businesses, who can now receive payments instantly.
To learn about the 12-digit UPI reference number tracking process, its steps, benefits and more, read on.
Once you execute a transaction from the UPI app, it will generate a specific number that can be used to track your purchases. This UPI reference ID is a unique 12-digit number.
Also Read: How to Create UPI ID?
Let’s say your payment status is not clear and it comes up as pending. This can be due to server issues or any other banking-related reason. You can use your reference number to communicate with the customer care team of the bank. This way, you can get the actual reason for the incomplete payment and authenticate the transfer.
Initiating the UPI reference number tracking process is simple and straightforward. Here are the steps you can follow:
You can also check online UPI transaction ID status and history by following these steps. Note that steps may vary slightly depending on the UPI app interface.
If you want to check your ID to receive payment, you can find it on your UPI app. Here is a UPI transaction ID tracking process you can follow.
Also Read: What is VPA in UPI Payments?
Now that you know the steps to initiate the UPI reference number tracking process, here are some of its significant benefits:
This is the most important benefit of the reference number, as it acts as a crucial tool to solve discrepancies. You can generate all the details related to your payment without hassles.
It improves the security of your UPI-based digital transaction by replacing your banking details with a 12-digit code. So, in case of delays, there’s no need to share your personal information with the customer service provider.
It simplifies the fund transfer process, replacing the traditional time-consuming methods, such as IMPS and NEFT. What’s more, you needn’t verify the account details and can handle the payment within a matter of seconds.
Also Read: Top Online UPI Payment Apps in India
It is common to get confused between UPI reference IDs and UPI IDs. However, these two are different identification numbers with varying functions.
Remember, your UPI IDs vary across banks. So, if you have a bank account in HDFC Bank, then your UPI ID will be XXXX@hdfcbank. By following the UPI transaction ID tracking process, you can check your UPI ID for receiving payment without sharing your bank details.
In case of any unauthorised or incomplete transaction, the UPI reference number tracking process will help you assess its status and take the right steps. Keeping up with your finances is key to ensuring safety and financial wellness.
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You can find the UPI reference number for your transaction by opening the ‘Passbook’ under the transaction history of your respective UPI app.
A UPI number is an 8 to 10-digit number, which is a bank-verified identifier of your UPI ID. Using this number, you can receive payments irrespective of the UPI app you use.
The UTR number is the tracking ID for your UPI transaction. You can easily get the number by checking the transaction history.
