Understanding TRTR in Bank Statements: Means and examples

Why TRTR Appears in a Bank Statement

Usually, Banks use a transaction short code in the account statement to save space and provide better clarity to the user. It is also one of the abbreviations which printed. The TRTR full form is Transfer Transaction, that used when money is transferred from one account to another.

It is a widely used standard code in most of the banks in india, especially, Public sector banks (Government-owned banks) such as UCO Bank, Canara Bank, Union Bank, and PNB.

When you do any small or big money transfer with your account through UPI, NEFT, IMPS, Debit card, or an internal bank transfer, the system labels the entry with TRTR.

It helps customers to find the difference between money, transfers, ATM withdrawals (NWD), card payments (POS), hidden charges, and account usage charges.

What TRTR Means in Banking Terms?

It has a simple meaning for you – TRTR = Transfer Transaction.

It is neither a hidden fee nor a penalty. Instead, it is a simple tag that shows the nature of a transaction. It is a widely used abbreviation for fast printing upto crores of statements each month. As per RBI, All indian banks need to provide a Digital or physical statement copy every month to the account holders.

• TRTR Debit: Money moving out of your account.
• TRTR Credit: Money moving into your account.

This makes it easier to scan a statement and quickly know whether the transaction was a transfer, deposit, or withdrawal.

Where You Usually Find this

TRTR is most commonly visible in:

• Mini statements from ATMs (ATM receipt)
• Passbook updates at bank branches
• SMS Banking and WhatsApp Banking received 5 or 10 last transactions (also known as mini statements)
• Online banking statements in PDF format
• SMS alerts from banks for transactions

Most Private banks like HDFC or ICICI often show more detailed tags such as UPI/IMPS/NEFT, but India govt-owned banks frequently shorten them to TRTR. Likewise, they used short codes for other transactions such as – BSBD WDL TXN CHG, DCARDFEE, and more.

Example of Entries in Real Statements

Let’s simply decode an actual statement snippet from UCO Bank to understand deeply how it works –

For Example, this Transaction –

27-07-2020 | MPAY/UPI/TRTR/022513331882/VI JB/akshu.ballal@ok/U | 500.00 | 38,492.24

• First entry: Debit of ₹500 via UPI to “akshu.ballal@ok”.
• Second entry: Debit of ₹500 to “bharadwajramesh”.
• Third entry: Debit of ₹6 through Google Pay (UTIB = Axis Bank tag).

All three carry this code to show they were transfer transactions.

Which Banks Commonly Use

Different banks follow different coding styles as per the requirements –

• UCO Bank → Regularly prints “MPAY/UPI/TRTR/…” in mini-statements.
• PNB (Punjab National Bank) → Shows “TRTR/ACTCDEP/…” for deposits or credits.
• Canara Bank, Indian Bank, Union Bank → Frequently use this short code in physical statement copies, E-statements, and passbooks.
• SBI → Often uses TRF (Transfer) as an alternative, but TRTR still appears in some UPI-linked records.

So, if you are an account holder in a government bank, you are more likely to encounter TRTR in your statements.

How does it create confusion among customers?

TRTR codes can confuse people when:

• They assume TRTR indicates charges.
• They see only limited text in a mini statement without context and explanations.
• They don’t recognise UPI IDs or reference numbers.
• They mistake TRTR entries for unauthorised debits.

This is why it’s important to match the amount, date, and reference ID with your transaction history before worrying.

How ACTCDEP in PNB Statements works

PNB customers often see entries like:

TRTR/ACTCDEP/91621595606/FIC

Let me explain for you –

• TRTR → Transfer Transaction.
• ACTCDEP → Account Deposit (credit entry).
• FIC → Financial Inclusion Channel (often branch or system code).

In simple words, it means money was credited into your account as a deposit, not withdrawn. It could be a cheque clearing, cash deposit, or inward fund transfer.

Expert Tips to Understand TRTR Transactions Clearly

• Always double-check the sign of the transaction, what it is telling you:
  • Minus (–) or entry in Withdrawals = Money out.
  • Plus (+) or entry in Deposits = Money in.
• Match the transaction reference ID with the UPI app or bank SMS.
• If still unclear, download a detailed statement instead of a mini statement.
• Cross-check with notifications from UPI apps like Google Pay, PhonePe, Paytm.
• Contact the branch only if the reference ID doesn’t match any transaction you performed.

Additional Questions from Customers

Nanne Parmar

This article was written by Nanne Parmar, a fintech expert with a DCA degree and a commerce background, with 6+ years of experience in finance, fintech, and banking. Nanne has worked extensively in AI tools for banking, financial calculators, and fintech products. As the founder of EaseMoney, he focuses on making complex financial concepts simple for Indian users.