RBI's New Directive for Safer Digital Banking

The Reserve Bank of India (RBI) has taken a significant step towards enhancing the security of digital transactions. In a recent circular, RBI has instructed all Indian banks to transition their net banking services to the exclusive '.bank.in' domain by October 31, 2025. This move is aimed at reducing online payment fraud and bolstering trust in digital banking services.

Combating Financial Fraud with Exclusive Domains

The introduction of the '.bank.in' domain is expected to play a crucial role in preventing phishing and spoofing attacks by making it easier for customers to identify legitimate banking websites. RBI's initiative reflects its commitment to strengthening the cybersecurity framework and enhancing public confidence in digital banking and payment systems.

Registration Process and Future Plans

Banks have been advised to begin the registration process for the '.bank.in' domain immediately, with detailed guidance available from IDRBT. Additionally, RBI has announced plans to launch a '.fin.in' domain for the broader financial sector, further expanding the scope of secure digital transactions in India.