RBI’s major move, banks to benefit significantly

RBI New Rule: The Reserve Bank of India has directed Indian banks to migrate their net banking websites to the ‘.bank.in’ domain. The deadline for this change is October 31, 2025. The RBI states that this move will help combat online fraud and cybercrime. Additionally, it will strengthen the security of bank websites and increase customer confidence in digital banking.

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These banks have changed domains

Some of the country’s major banks have already migrated their websites to the ‘.bank.in’ domain. For example, State Bank of India (SBI), Punjab National Bank (PNB), and Canara Bank have changed the URL of their websites to this secure domain. ICICI Bank, HDFC Bank, and Axis Bank have also promised to implement this change soon. These banks have also ensured that old websites will be redirected to the new domain, ensuring no inconvenience to customers.

Is the .bank.in domain necessary?

‘.bank.in’ is a special domain designed specifically for Indian banks. This domain was created to secure websites created by banks on the internet. Websites under the ‘.bank.in’ domain will undergo more stringent security checks and will only be operated by authorized and certified banks. This will enable banks to provide a more secure and reliable online platform for customers, and will protect against cybercrimes like online fraud and phishing.

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RBI’s Big Step

The biggest benefit of this change will be improved cybersecurity. Websites under the ‘.bank.in’ domain will be subject to special security protocols, preventing incidents of online fraud and phishing. This move will help customers ensure that the website they are transacting on is safe and genuine. Furthermore, it will also increase customer confidence in digital banking, as they will know that their data is stored on a secure platform. Apart from this, the security and transparency of banks’ data will also improve, making online transactions and the net banking experience more secure.