RBI launches .bank.in domain to strengthen Digital Banking Security

In a proactive effort to enhance cybersecurity and protect consumers from online fraud, the Reserve Bank of India (RBI) has introduced a dedicated '.bank.in' domain for all Indian banks.

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This initiative is designed to create a secure and trusted digital banking environment by ensuring that only verified financial institutions can operate under this domain.

The introduction of '.bank.in' comes amid a rising wave of cyber fraud, particularly phishing attacks where fraudsters create fake bank websites and email domains to deceive customers. Cybercriminals often use lookalike URLs to trick users into revealing sensitive banking information, leading to financial losses and diminishing consumer trust.

By mandating a dedicated and regulated banking domain, the RBI aims to curb phishing scams and enhance consumer confidence in digital transactions. This move aligns with the central bank's broader strategy to strengthen cybersecurity in India's rapidly growing digital banking ecosystem.

Key Benefits of the '.bank.in' Domain

The RBI's initiative offers several advantages to both banks and their customers:

Stronger Cybersecurity - Only RBI-approved financial institutions will be allowed to use the '.bank.in' domain, eliminating fraudulent entities and ensuring a safer online banking experience.

Enhanced Trust & Credibility - Customers will easily distinguish authentic banking websites from malicious ones, reducing their vulnerability to phishing scams.

Regulatory Oversight & Compliance