Business

What is FASTag & List of FASTag Providers ?

FASTag is a RFID passive tag used for making toll payments directly from the customers linked prepaid or savings/current account. It is affixed on the windscreen of the vehicle and enables the customer to drive through toll plazas, without stopping for any toll payments.

List of FASTag Providers:

Currently 24 No. of Banks Live on NETC as a FASTag Issuer

Sr. No. Member Banks Issuer Acquirer
1 Airtel Payments Bank Yes
2 Axis Bank Ltd Yes Yes
3 Bank of Baroda Yes
4 Canara Bank Yes
5 City Union Bank Ltd Yes
6 EQUITAS SMALL FINANCE BANK Yes
7 Federal Bank Yes
8 FINO Payments Bank Yes
9 HDFC Bank Yes Yes
10 ICICI Bank Yes Yes
11 IDFC FIRST Bank Yes Yes
12 Indusind Bank Yes Yes
13 Karur Vysya Bank Yes Yes
14 Kotak Mahindra Bank Yes Yes
15 Nagapur Nagarik Sahakari Bank Yes
16 PAYTM Payments Bank Yes Yes
17 Punjab and Maharashtra Co-op Bank Yes
18 Punjab National Bank Yes Yes
19 Saraswat Co-operative Bank Yes
20 South Indian Bank Yes
21 State Bank of India Yes Yes
22 Syndicate Bank Yes
23 Union Bank of India Yes
24 Yes Bank Ltd Yes

List of Top 3 FASTag Service Providers:

  1. PAYTM Payments Bank
  2. ICICI Bank
  3. HDFC Bank

List of 2 Worst FASTag Service Providers:

  1. IDFC FIRST Bank
  2. Axis Bank Ltd

NETC Product Statistics:

Month No. of Banks Live on NETC Tag Issuance (In Nos.) Volume (In Mn) Amount (In Cr)
Nov-19 24 7901499 34.92 773.95
Oct-19 23 6371309 31.46 702.86
Sep-19 23 5998947 29.01 658.94
Aug-19 23 5717702 27.78 610.52
July-19 23 5469196 27.26 608.51
June-19 22 5222312 26.61 596.18
May-19 22 5001217 27.52 616.40
Apr-19 22 4772434 25.98 585.38
Mar-19 22 4554913 26.73 595.78
Feb-19 22 4315255 23.85 527.44
Jan-19 22 4088478 24.52 535.91
Dec-18 22 3821564 24.21 534.11
Nov-18 22 3583989 21.22 466.83
Oct-18 22 3349309 22.28 502.47
Sep-18 21 3102686 20.64 470.65
Aug-18 21 2879997 20.39 463.88
July-18 21 2638733 18.47 418.08
June-18 20 2395938 18.29 428.61
May-18 19 2138615 17.87 426.62
April-18 17 1882586 15.88 390.07
Mar-18 15 1633868 15.49 382.14
Feb-18 14 1366224 13.71 345.94
Jan-18 14 1146807 12.93 327.76
Dec-17 12 915205 12.29 319.82
Nov-17 12 768923 10.70 285.26
Oct-17 11 724407 9.79 262.62
Sep-17 11 685420 10.14 275.15
Aug-17 11 617623 9.66 257.86
Jul-17 10 564049 8.64 234.18
Jun-17 10 522960 8.21 225.76
May-17 10 493231 8.07 225.38
Apr-17 7 455705 7.41 210.53
Mar-17 6 412497 7.50 209.39
Feb-17 6 342960 6.55 184.21
Jan-17 5 289033 6.41 178.95
Dec-16 4 208761 3.19 88.12
Nov-16 3 107801 NA NA

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