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NETC Ecosystem Statistics

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NETC FASTag - Issuer Banks (May'25)
NETC FASTag - Issuer Banks (May'25)
Sr. No Issuer Bank Total Volume (in Mn) Approved % Deemed Approved %
1 IDFC First Bank 132.13 100% 0%
2 ICICI Bank 96.21 100% 0%
3 State Bank of India 36.03 90% 10%
4 HDFC Bank 33.65 97% 3%
5 Airtel Payments Bank 22.62 99% 1%
6 Axis Bank Limited 21.29 100% 0%
7 Kotak Mahindra Bank 14.95 100% 0%
8 IndusInd Bank 10.89 100% 0%
9 Bajaj Finance Ltd 8.02 100% 0%
10 IDBI Bank 7.61 100% 0%
11 Livquik Technology Pvt Ltd 7.00 100% 0%
12 Bank Of Baroda 4.41 99% 1%
13 EQUITAS SMALL FINANCE BANK 3.77 99% 1%
14 Karur Vysya Bank 2.34 98% 2%
15 Federal Bank 0.90 93% 7%
16 Union Bank of India 0.79 98% 2%
17 Indian Bank 0.27 96% 4%
18 South Indian Bank 0.26 100% 0%
19 City Union Bank Limited 0.21 99% 1%
20 AU Small Finance Bank 0.21 98% 2%
21 Canara Bank 0.17 100% 0%
22 PAYTM Paytments Bank 0.12 99% 1%
23 Punjab National Bank 0.12 98% 2%
24 Yes Bank 0.10 93% 7%
25 Karnataka Bank 0.08 97% 3%
26 Central Bank of India 0.07 0% 100%
27 Saraswat Bank 0.06 96% 4%
28 Bank of Maharashtra 0.06 100% 0%
29 Indian Overseas Bank 0.05 100% 0%
30 Nagpur Nagarik Sahakari Bank Ltd 0.02 99% 1%
31 Jammu and Kashmir Bank 0.01 99% 1%
32 UCO Bank 0.01 99% 1%
33 Cosmos Bank 0.01 88% 12%
34 Dombivli Nagari Sahakari Bank 0.00 68% 32%
35 Fino Payment Bank 0.00 88% 12%
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 (May'25)
NETC FASTag - Acquirer Banks (May'25)
Sr. No Acquirer Banks Total Approved Volume (in Mn) Approved % DECLINED
BD % TD %
1 ICICI Bank 149.41 99.81% 0.18% 0.00%
2 IDFC Bank 105.99 99.82% 0.18% 0.00%
3 Kotak Mahindra Bank 42.59 99.37% 0.62% 0.01%
4 Yes Bank 26.44 98.71% 1.28% 0.01%
5 Airtel Payments Bank 25.80 98.56% 1.44% 0.00%
6 IDBI Bank 22.52 98.98% 1.00% 0.02%
7 State Bank of India 22.37 99.12% 0.82% 0.06%
8 Axis Bank 6.94 99.97% 0.02% 0.02%
9 AU Small Finance Bank Limited 2.48 98.57% 1.42% 0.00%
10 Equitas Small Finance Bank 1.82 99.59% 0.41% 0.00%

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.