How to Track UPI Reference Number?

Digital payments have grown by leaps and bounds over the past few years and a big credit for this rapid expansion goes to the Unified Payments Interface (UPI), an instant payment system developed by National Payments Corporation of India. The introduction of UPI reference numbers, one of the easiest transactional methods, has greatly benefited the consumer sector. To make any payment using UPI, you do not need to divulge your card or bank account information, which maximizes account holders' security.

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Additionally, UPI reference codes and the current smart payment trend have made financial transactions for small enterprises easier.
 

Understanding UPI reference number 

Every UPI transaction generates a 12-digit unique UPI reference number. This number is normally mentioned below the amount transferred. This allows users to track their transactions. If users have any queries about a transaction, they can check the UPI reference number tracking associated with the payment and use it to fetch all the details.

How to find UPI reference number?

The UPI reference number tracking process is easy. It depends on the app's interface on the payment aggregator. A user can find the UPI reference number by navigating into options such as:

• Transaction History 
• Digital Passbook

The user has to click on the required transaction from the list after identifying it and get the UPI reference number. If there is an ambiguity regarding the payment, one can contact the bank or the merchant regarding the status.

Guide for UPI transaction reference number tracking

Here’s a step-by-step guide for the 12-digit UPI reference number tracking process.

Step 1: Open the UPI app used for transactions.

Step 2: Select the ‘Passbook’ section if you are using Paytm and the ‘History’ section if you’re using Phonepe or Google Pay.

Step 3: Select the bank account you use for UPI payments. Click on the transaction for which you require the UPI reference number.

Step 4: Note the 12-digit UPI reference number. 

Step 5: Using the above steps, you can easily track UPI reference numbers whenever you need them.

Benefits of using UPI reference number

The UPI reference number tracking process has a few key benefits for users.

Track transactions: With the help of the UPI reference number, one can instantly track the details of the transaction and generate data related to fund transfers quickly. This helps users discover any discrepancies in a transaction and rectify the error by contacting the merchant or the bank.

Maintain Privacy: Since the UPI reference numbers can be used to track transactions, a user need not disclose information about their bank account or details about their debit or credit cards to anyone else. This makes UPI safe for carrying out financial transactions.

Reference ID in a bank

A reference ID in a bank is a unique ID associated with all online and offline transactions. These reference IDs enable customers and banks to monitor financial transactions. While tracking transactions, simply producing this ID can fetch all the transaction details, making the tracking process simpler. 

In the case of the UPI, each user has a unique UPI reference ID that identifies the user and their bank accounts linked with the UPI app. The UPI reference number tracks the transaction between two bank accounts.