RBI enhances digital safety with new ‘.bank.in’ domain for Indian banks

The rapid digitalization of financial services has significantly improved convenience and efficiency. However, it has also increased exposure to cyber threats and digital fraud, which are becoming more sophisticated. The rise in cyber risks demands proactive measures from all stakeholders to ensure security and trust in digital transactions.

In a major cybersecurity initiative, the Reserve Bank of India (RBI) has introduced a dedicated ".bank.in" domain for Indian banks. This move aims to enhance online security, minimize phishing attacks, and strengthen confidence in digital banking and payment systems.

As per the RBI’s announcement on February 7, 2025, “The Reserve Bank shall implement the 'bank.in' exclusive Internet domain for Indian banks. Registration for this domain will commence in April this year to prevent banking fraud. Subsequently, the ‘fin.in’ domain will be launched for the financial sector.”

RBI has been actively implementing various measures to strengthen cybersecurity in banking and payments. One key step is the Additional Factor of Authentication (AFA) for domestic digital payments. Now, RBI plans to extend AFA to international digital transactions made to offshore merchants, enhancing security for global online payments.