| Category | Details |
|---|---|
| Event/Initiative | RBI mandates integration of DoT's Financial Fraud Risk Indicator (FRI) |
| Date of Announcement | June 30, 2025 |
| Objective | Detect and mitigate cyber threats, enable real-time threat detection, and prevent digital financial frauds. |
| Key Institutions | RBI, DoT, Scheduled Commercial Banks, Payments Banks, NBFCs, UPI service providers, and other financial institutions. |
| FRI Risk Categories | Medium, High, Very High |
| Risk Classification | Based on reports from NCRP, DoT's Chakshu platform, and inputs from banks and financial institutions. |
| Real-Time Actions | Block/delay high-risk transactions, alert customers, verify identity before sensitive actions, prevent UPI-based and mobile-linked frauds. |
| Early Adopters | PhonePe, Paytm, ICICI Bank, PNB, HDFC Bank, India Post Payments Bank |
| Supporting Measures | Mobile Number Revocation List (MNRL) maintained by DoT to enhance cyber hygiene. |
| Significance | Strengthens India's digital financial ecosystem, supports Digital India and Financial Inclusion, fosters inter-agency coordination, and enhances technological backbone for digital payment infrastructure. |
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