RBI Mandates Migration to 'Bank.in' Domain to Strengthen Cybersecurity

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The Reserve Bank of India has directed all banks to migrate their digital operations to the exclusive 'bank.in' domain by October 31, 2025. This initiative aims to enhance cybersecurity, curb fraud, and boost public trust in digital banking and payment systems.

The 'bank.in' domain will be operationalized through the Institute for Development and Research in Banking Technology, authorized by the National Internet Exchange of India under the Ministry of Electronics and Information Technology. The move is part of a broader strategy to secure India's digital financial ecosystem and streamline online banking services.

Banks are required to upgrade their IT infrastructure to comply with the new standards and ensure a seamless transition. The RBI has also announced plans to introduce a dedicated 'fin.in' domain for non-bank financial entities, further strengthening the cybersecurity framework across the financial sector.

Key Highlights:

- Banks must migrate to 'bank.in' domain by October 31, 2025.
- Initiative aims to reduce cybersecurity threats and enhance public confidence in digital banking.
- Institute for Development and Research in Banking Technology designated as the exclusive registrar.
- RBI plans to introduce 'fin.in' domain for non-bank financial entities.

Source: BusinessWorld, The Hindu BusinessLine, MSN.