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NETC Product Statistics

January 5, 2020 by Admin

National Payments Corporation of India (NPCI) has developed the National Electronic Toll Collection (NETC) program to meet the electronic tolling requirements of the Indian market. It offers an interoperable nationwide toll payment solution including clearing house services for settlement and dispute management. Interoperability, as it applies to National Electronic Toll Collection (NETC) system, encompasses a common set of processes, business rules and technical specifications which enable a customer to use their FASTag as payment mode on any of the toll plazas irrespective of who has acquired the toll plaza.

FASTag is a new system introduced for making payment in Tollgates. It will be mandatory for paying Toll payments through FASTag soon. Initially Government of India had fixed 15-12-2019 as last date for making all the lanes of Toll Plazas into FASTag lane. But now it has been deferred.

The following data provides the NETC Product Statistics for FASTag from November 2016 to till date. As you can see the numbers has been increased linearly. Since the government has made compulsory for all vehicles to get FASTag by 15th January 2020, we predict there will drastic increase in the numbers.

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

Source: NETC

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Filed Under: NETC Tagged With: Deadline for FASTag, FASTag, NETC

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