RBI directs banks to adopt the 'dot bank dot in' domain by October, which will help in dealing with digital fraud

The Reserve Bank of India on Tuesday directed banks to start transferring their existing domains to the 'dot bank dot in' domain and complete this process by October 31 this year.

The Reserve Bank of India on Tuesday directed banks to start transferring their existing domains to the 'dot bank dot in' domain and complete this process by October 31 this year. Its purpose is to deal with the increasing incidents of fraud in digital payments.

The central bank has decided to launch a special internet domain 'dot bank dot in' for Indian banks in view of fraud in digital payments. The initiative aims to reduce cyber security threats and malicious activities like 'phishing' and streamline secure financial services, thereby increasing confidence in digital banking and payment services.

The central bank said in a statement, "It has now been decided to launch the 'dot bank dot in' domain for banks through the Institute for Development and Research in Banking Technology (IDRBT). National Internet Exchange of India (NAIXI), under the Ministry of Electronics and Information Technology, has been authorized to act as the exclusive registrar for this domain.''

IDRBT will guide banks on various aspects related to the application process and adoption of the new domain. RBI said that all banks have been advised to transfer their existing domain to 'dot bank dot in' domain and complete it by October 31, 2025.