What Is The Full Form Of RRN In Banking?
RRN full form in banking is Retrieval Reference Number. A retrieval reference number, or RRN, is a unique identification number assigned to a transaction made with a debit or credit card. It is used to identify and retrieve specific transaction details in the event that there is a dispute or error with the transaction. The RRN is typically provided to the cardholder on their receipt or statement, and it may also be used by the card issuer or the merchant to resolve any issues related to the transaction. For example, if a cardholder disputes a charge on their account, they may be asked to provide the RRN for the transaction in order to help identify it and resolve the dispute.
What Else Should You Know About RRN?
In some cases, the RRN may be referred to as a transaction reference number or a trace number. Regardless of the specific term used, it serves the same purpose of identifying and tracking a specific transaction for the purposes of dispute resolution or other issues that may arise. It’s important to note that the RRN is just one piece of information that may be requested in the process of resolving a dispute.