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NETC Ecosystem Statistics

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NETC FASTag - Issuer Banks (Apr'24)
NETC FASTag - Issuer Banks (Apr'24)
Sr. No Issuer Member Bank Total Volume (in Mn) Approved % Deemed Approved %
1 IDFC First Bank 99.61 100% 0%
2 ICICI Bank 85.86 99% 1%
3 PAYTM Paytments Bank 4.46 100% 0%
4 HDFC Bank 33.29 97% 3%
5 State Bank of India 24.80 97% 3%
6 Kotak Mahindra Bank 16.34 95% 5%
7 Axis Bank Limited 17.47 99% 1%
8 Airtel Payments Bank 17.89 97% 3%
9 IndusInd Bank 7.19 99% 1%
10 Bank Of Baroda 3.96 100% 0%
11 IDBI Bank 4.18 99% 1%
12 EQUITAS SMALL FINANCE BANK 3.03 100% 0%
13 Karur Vysya Bank 2.74 89% 11%
14 Yes Bank 1.77 99% 1%
15 Livquik Technology Pvt Ltd 2.14 98% 2%
16 Federal Bank 0.97 100% 0%
17 Union Bank of India 0.76 97% 3%
18 South Indian Bank 0.27 100% 0%
19 City Union Bank Limited 0.21 99% 1%
20 Indian Bank 0.26 98% 2%
21 AU Small Finance Bank 0.20 100% 0%
22 Canara Bank 0.17 100% 0%
23 Punjab National Bank 0.15 99% 1%
24 Saraswat Bank 0.07 98% 2%
25 Central Bank of India 0.09 95% 5%
26 Karnataka Bank 0.07 97% 3%
27 Bank of Maharashtra 0.05 96% 4%
28 Nagpur Nagarik Sahakari Bank Ltd 0.03 99% 1%
29 Indian Overseas Bank 0.03 96% 4%
30 Jammu and Kashmir Bank 0.01 98% 2%
31 Cosmos Bank 0.00 99% 1%
32 UCO Bank 0.01 99% 1%
33 Fino Payment Bank 0.00 98% 2%
34 Dombivli Nagari Sahakari Bank 0.00 81% 19%
35 Bandhan Bank 0.00 0% 0%
36 Punjab Maharashtra Bank 0.00 0% 0%
37 Syndicate Bank 0.00 0% 0%
NETC FASTag - Acquirer Banks (Apr'24)
NETC FASTag - Acquirer Banks (Apr'24)
Sr. No Acquirer Banks Total Approved Volume (in Mn) Approved % DECLINED
BD % TD %
1 IDFC Bank                  154.49 99.85% 0.15% 0.00%
2 ICICI Bank                 112.76 99.61% 0.38% 0.00%
3 Axis Bank                  14.34 99.83% 0.16% 0.01%
4 Yes Bank                   12.86 99.42% 0.56% 0.02%
5 IDBI Bank                  8.17 99.62% 0.37% 0.01%
6 HDFC Bank                  8.00 99.95% 0.04% 0.01%
7 Equitas Small Finance Bank 7.34 98.71% 1.27% 0.02%
8 Airtel Payments Bank 4.58 99.02% 0.97% 0.00%
9 Kotak Mahindra Bank        3.05 99.87% 0.12% 0.01%
10 Airtel Payments Bank       1.95 99.59% 0.41% 0.00%
11 State Bank of India        1.54 93.33% 6.36% 0.31%
12 KVBG 0.09 99.26% 0.35% 0.39%

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.