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NETC Ecosystem Statistics

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NETC FASTag - Issuer Banks (June'25)
NETC FASTag - Issuer Banks (June'25)
Sr. No Issuer Bank Total Volume (in Mn) Approved % Deemed Approved %
1 IDFC First Bank 126.55 100% 0%
2 ICICI Bank 91.08 100% 0%
3 State Bank of India 36.19 91% 9%
4 HDFC Bank 31.09 98% 2%
5 Airtel Payments Bank 21.59 100% 0%
6 Axis Bank Limited 19.90 100% 0%
7 Kotak Mahindra Bank 13.98 100% 0%
8 IndusInd Bank 10.23 100% 0%
9 Bajaj Finance Ltd 8.31 100% 0%
10 IDBI Bank 7.53 100% 0%
11 Livquik Technology Pvt Ltd 7.07 100% 0%
12 Bank Of Baroda 4.13 100% 0%
13 EQUITAS SMALL FINANCE BANK 3.41 100% 0%
14 Karur Vysya Bank 2.03 99% 1%
15 Federal Bank 0.77 94% 6%
16 Union Bank of India 0.77 98% 2%
17 Indian Bank 0.27 95% 5%
18 South Indian Bank 0.23 100% 0%
19 AU Small Finance Bank 0.20 100% 0%
20 City Union Bank Limited 0.19 100% 0%
21 Canara Bank 0.16 100% 0%
22 Punjab National Bank 0.11 98% 2%
23 PAYTM Paytments Bank 0.09 99% 1%
24 Yes Bank 0.08 100% 0%
25 Central Bank of India 0.07 0% 100%
26 Karnataka Bank 0.07 99% 1%
27 Bank of Maharashtra 0.05 100% 0%
28 Saraswat Bank 0.05 96% 4%
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 98% 2%
33 Cosmos Bank 0.00 98% 2%
34 Dombivli Nagari Sahakari Bank 0.00 75% 25%
35 Fino Payment Bank 0.00 97% 3%
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 (June'25)
NETC FASTag - Acquirer Banks (June'25)
Sr. No Acquirer Banks Total Approved Volume (in Mn) Approved % DECLINED
BD % TD %
1 AU Small Finance Bank Limited 2.39 99.32% 0.68% 0.00%
2 Airtel Payments Bank 24.78 97.86% 2.10% 0.05%
3 IDFC Bank                  100.48 99.89% 0.11% 0.00%
4 ICICI Bank                 141.62 99.79% 0.21% 0.01%
5 Yes Bank 25.83 98.94% 1.04% 0.02%
6 State Bank of India        22.32 98.24% 1.76% 0.00%
7 IDBI Bank                  23.05 99.62% 0.37% 0.00%
8 Equitas Small Finance Bank 0.01 98.47% 1.53% 0.00%
9 Kotak Mahindra Bank        41.25 99.74% 0.26% 0.01%
10 Axis Bank                  6.38 99.93% 0.06% 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.