Digital Payments and Transactions: Year-, Month- and Bank-wise Volume of NETC FASTag Transactions

High Frequency Indicator: The dataset contains year-, month- and bank-wise compiled data from the year 2021 to till date on the volume of NETC FASTag transactions performed by Issuer and Acquirer banks, along with percentage of transaction which are Approved, Deemed Approved, Business Declined and Technically Declined. Notes: 1. Issuer Banks are banks which issue ETC tag to the vehicle owner and Acquiring Banks are Banks which acquires the Toll Plaza to facilitate the acceptance of ETC transaction for the payment through ETC Payment System. For the purpose of issuing as well as acquiring, the banks must be members of NPCI. 2. Business Declines (BD) are declined transactions due to a customer entering an invalid pin, incorrect beneficiary account etc. or due to other business reasons such as exceeding per transaction limit, exceeding permitted count of transactions per day, exceeding amount limit for the day etc. 3. Technical Declines (TD) transactions are those transactions are declined due to any technical reasons such as bank ID is empty or not in correct format or exception code not in Database or not in correct format, etc