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NETC Ecosystem Statistics

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NETC FASTag - Issuer Banks (Oct'23)
NETC FASTag - Issuer Banks (Oct'23)
Sr. No Issuer Member Bank Total Volume (in Mn) Approved % Deemed Approved %
1 PAYTM Paytments Bank 53.30 100% 0%
2 Canara Bank 0.14 100% 0%
3 IndusInd Bank 6.01 99% 1%
4 Yes Bank 2.77 0% 100%
5 Livquik Technology Pvt Ltd 0.76 100% 0%
6 South Indian Bank 0.28 99% 1%
7 Airtel Payments Bank 14.97 99% 1%
8 ICICI Bank 75.68 98% 2%
9 Nagpur Nagarik Sahakari Bank Ltd 0.03 99% 1%
10 EQUITAS SMALL FINANCE BANK 3.13 99% 1%
11 Federal Bank 0.90 97% 3%
12 Karnataka Bank 0.05 99% 1%
13 Jammu and Kashmir Bank 0.00 99% 1%
14 Cosmos Bank 0.00 97% 3%
15 AU Small Finance Bank 0.13 99% 1%
16 Bank of Maharashtra 0.04 96% 4%
17 UCO Bank 0.00 100% 0%
18 City Union Bank Limited 0.23 99% 1%
19 Saraswat Bank 0.08 98% 2%
20 Indian Overseas Bank 0.01 96% 4%
21 IDFC First Bank 87.01 100% 0%
22 Indian Bank 0.24 96% 4%
23 Union Bank of India 0.72 99% 1%
24 Kotak Mahindra Bank 16.13 84% 16%
25 Bank Of Baroda 3.64 100% 0%
26 Karur Vysya Bank 3.10 93% 7%
27 Punjab National Bank 0.14 99% 1%
28 Axis Bank Limited 13.84 98% 2%
29 HDFC Bank 22.25 98% 2%
30 IDBI Bank 2.80 98% 2%
31 Dombivli Nagari Sahakari Bank 0.00 71% 29%
32 Fino Payment Bank 0.00 98% 2%
33 Central Bank of India 0.08 96% 4%
34 State Bank of India 11.21 78% 22%
35 Bandhan Bank 0.00 0 0
36 Syndicate Bank 0.00 0% 0%
37 Punjab Maharashtra Bank 0.00 0% 0%
NETC FASTag - Acquirer Banks (Oct'23)
NETC FASTag - Acquirer Banks (Oct'23)
Sr. No Acquirer Banks Total Approved Volume (in Mn) Approved % DECLINED
BD % TD %
1 IDFC Bank 128.45 99.94% 0.05% 0.01%
2 ICICI Bank 95.09 99.82% 0.18% 0.00%
3 Paytm Payments Bank 47.06 99.96% 0.04% 0.00%
4 Axis Bank 13.44 99.90% 0.08% 0.01%
5 Yes Bank 11.10 99.76% 0.24% 0.00%
6 HDFC Bank 10.22 99.97% 0.03% 0.01%
7 IDBI Bank 6.29 99.20% 0.79% 0.01%
8 Equitas Small Finance Bank 3.88 99.72% 0.28% 0.00%
9 Airtel Payments Bank 1.54 99.93% 0.07% 0.00%
10 Kotak Mahindra Bank 1.49 99.52% 0.43% 0.05%
11 State Bank of India 1.35 99.51% 0.49% 0.00%
12 KVB Bank 0.17 93.30% 2.05% 4.65%

Glossary

  • Issuer Bank - The Issuer Bank is a member of NPCI which issues the ETC Tag to vehicle owner for the payment through ETC Tag.
  • Acquirer Bank - The Acquirer Bank is a member of NPCI who acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System.
  • Deemed Approved - Deemed Approved percentage indicates the total percentage of deemed approved cases of the total transactions. When there is no response/ late response from issuer bank, then these transactions are considered as deemed approved.
  • Business Decline (BD) - Transaction decline due to business rules such as duplicate transactions or Tag ID not associated with issuer Bank etc.
  • Technical Decline (TD) - Transaction decline due to any technical reason such as bank ID is empty or not in correct format or exception code not in Database or not in correct format etc.