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UBP/XFER amount debited by Bank | Meaning and Expansion

Sometimes you can see your bank statement mentioning debit transactions with abbreviation UBP/XFER followed by transaction number .
Mostly banks like ICICI and Axis bank uses this UBP/XFER abbreviation in the account statement. This article will give you precise information about UBP/XFER abbrevation appeared in your bank statements.


Expansion for UBP/XFER is Utility Bill Payment / Transfer. Some banks refer it as UBT/XFER.
Usually banks denote the word transfer as XFER in the transaction statements.

So, the amount debited related to UBT/XFER transaction might be completely related to online payment that you have recently made.
It includes utility Bill Payments like Water bill, Gas bill, electricity bill, online Bus Booking, Theater/movie ticket booking, online purchasing like Paytm, Flipkart etc.

If you have received credits in the name of UBP/XFER transaction, it will be locked for sometimes until it is confirmed by the bank. Once it is verified by the bank, then it will be added to your available balance. It may be also some cash back sent by the online merchant site you have purchased.

Sometimes UBP/XFER transaction may appear when the transaction between intra bank acoount (example : within ICICI bank), is not fully completed. It will reflect in your account immediately but take some time to get confirmation and to get added in main balance.

To get the precised information about the transaction, you can contact the bank customer care with your transaction information.