RBI Mandates Banks to Transition to '.bank.in' Domain by 2025 for Enhanced Cybersecurity
| Category | Details |
|---|---|
| Key Directive | RBI mandates all banks to transition to the '.bank.in' domain by October 31, 2025. |
| Objective | Enhance cybersecurity, reduce fraudulent activities (e.g., phishing), and strengthen trust in digital banking. |
| Registrar | Institute for Development and Research in Banking Technology (IDRBT) appointed as the registrar for the '.bank.in' domain. |
| Authority Oversight | National Internet Exchange of India (NIXI) will oversee the domain's operations. |
| Government Support | Supported by the Ministry of Electronics and Information Technology (MeitY), reflecting commitment to cybersecurity. |
| Timeline | Banks must complete migration by October 31, 2025; urged to begin the process immediately. |
| Security Benefits | '.bank.in' domain reduces vulnerability to cyberattacks, prevents phishing, and ensures safer digital transactions. |
| Contact for Migration | Banks can contact IDRBT at sahyog@idrbt.ac.in for support and guidance. |
| Impact | Enhanced consumer trust in digital banking, streamlined verification of legitimate websites, and a stronger cybersecurity framework for financial services. |