In a strategic move to curb digital fraud and bolster cybersecurity in India's financial sector, the Reserve Bank of India (RBI) has announced the operational rollout of the exclusive Internet domain '.bank.in' for all banking institutions. This decision follows the RBI's Statement on Developmental and Regulatory Policies dated February 7, 2025, which outlined the plan to introduce dedicated domain extensions to enhance trust and transparency in digital banking.
Official copy of the circular is as follows
Please refer to para 4 of the Statement on Developmental and Regulatory Policies dated February 7, 2025, on "Enhancing Trust in the Financial Sector through 'bank.in' and 'fin.in' domains" wherein the introduction of exclusive Internet Domain, '.bank.in' for banks to combat the increased instances of fraud in digital payments was announced. This initiative is aimed at strengthening the cybersecurity framework and enhancing public confidence in digital banking and payment systems.
It has now been decided to operationalise the '. bank.in' domain for banks through the Institute for Development and Research in Banking Technology (IDRBT), which has been authorised by National Internet Exchange of India (NIXI), under the aegis of the Ministry of Electronics and Information Technology (MeitY), to serve as the exclusive registrar for this domain. Banks may contact IDRBT at sahyog@idrbt.ac.in to initiate the registration process. IDRBT shall guide the banks on various aspects related to application process and migration to new domain.
All banks are advised to commence the migration of their existing domains to the '.bank.in' domain and complete the process at the earliest and in any case, not later than October 31, 2025.
CAclubindia
