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NETC Ecosystem Statistics

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NETC FASTag - Issuer Banks (Apr'25)
NETC FASTag - Issuer Banks (Apr'25)
Sr. No Issuer Bank Total Volume (in Mn) Approved % Deemed Approved %
1 IDFC First Bank 124.08 100% 0%
2 ICICI Bank 91.23 100% 0%
3 State Bank of India 34.46 92% 8%
4 HDFC Bank 32.74 98% 2%
5 Airtel Payments Bank 21.20 97% 3%
6 Axis Bank Limited 20.60 99% 1%
7 Kotak Mahindra Bank 14.26 100% 0%
8 IndusInd Bank 10.41 100% 0%
9 IDBI Bank 7.14 99% 1%
10 Bajaj Finance Ltd 6.99 100% 0%
11 Livquik Technology Pvt Ltd 6.17 100% 0%
12 Bank Of Baroda 4.15 99% 1%
13 EQUITAS SMALL FINANCE BANK 3.37 98% 2%
14 Karur Vysya Bank 2.34 89% 11%
15 Federal Bank 0.87 93% 7%
16 Union Bank of India 0.75 97% 3%
17 Yes Bank 0.14 100% 0%
18 Indian Bank 0.26 96% 4%
19 AU Small Finance Bank 0.21 97% 3%
20 South Indian Bank 0.25 100% 0%
21 City Union Bank Limited 0.20 99% 1%
22 PAYTM Paytments Bank 0.13 100% 0%
23 Canara Bank 0.17 100% 0%
24 Punjab National Bank 0.12 95% 5%
25 Central Bank of India 0.07 0% 100%
26 Karnataka Bank 0.08 94% 6%
27 Saraswat Bank 0.05 97% 3%
28 Bank of Maharashtra 0.05 100% 0%
29 Indian Overseas Bank 0.05 100% 0%
30 Nagpur Nagarik Sahakari Bank Ltd 0.02 99% 1%
31 Jammu and Kashmir Bank 0.02 83% 17%
32 UCO Bank 0.01 80% 20%
33 Cosmos Bank 0.01 98% 2%
34 Dombivli Nagari Sahakari Bank 0.00 78% 22%
35 Fino Payment Bank 0.00 92% 8%
36 Bandhan Bank 0.00 0% 0%
37 Punjab Maharashtra Bank 0.00 0% 0%
38 Syndicate Bank 0.00 0% 0%
NETC FASTag - Acquirer Banks (Apr'25)
NETC FASTag - Acquirer Banks (Apr'25)
Sr. No Acquirer Banks Total Approved Volume (in Mn) Approved % DECLINED
BD % TD %
1 AU Small Finance Bank Limited 2.47 98.88% 1.06% 0.07%
2 Airtel Payments Bank 24.11 99.22% 0.78% 0.00%
3 IDFC Bank 103.07 99.84% 0.16% 0.00%
4 ICICI Bank 140.24 99.70% 0.25% 0.06%
5 Yes Bank 25.80 98.37% 1.62% 0.01%
6 State Bank of India 20.19 97.96% 1.50% 0.55%
7 IDBI Bank 18.76 99.32% 0.67% 0.00%
8 Equitas Small Finance Bank 2.51 99.61% 0.39% 0.00%
9 Kotak Mahindra Bank 39.88 99.51% 0.48% 0.01%
10 Axis Bank 7.52 99.97% 0.02% 0.01%

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.