The Reserve Bank of India (RBI) has issued a directive for Indian banks to transition their net banking services to the ‘.bank.in’ domain by October 31, 2025. This move is part of efforts to tackle the increasing incidents of online payment fraud and boost confidence in digital banking platforms. The shift to the exclusive domain is intended to make it simpler for customers to recognize legitimate banking websites, promoting a secure online banking environment. By adhering to this mandate, banks will enhance the credibility and reliability of their net banking facilities, ultimately safeguarding customers against fraudulent activities. The RBI’s decision underscores the importance of cybersecurity in the financial sector and highlights the necessity for robust measures to protect consumers’ sensitive financial information. As the deadline approaches, Indian banks are urged to expedite the migration process to meet the regulatory requirements and ensure a seamless transition for their customers. Embracing the ‘.bank.in’ domain is set to redefine the digital banking landscape in India, setting a new standard for security and trust in online financial transactions.
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RBI directs Indian banks to shift net banking to ‘.bank.in’ domain by 2025 to boost security and trust.
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