Banks New Domain: Net banking users have also increased rapidly after the government has promoted digital transactions. If you also use net banking, then this news is of your use. In the order given by the Reserve Bank of India (RBI) to the banks, it was said that they should start transferring their existing domains to ‘dot bank dot in’ domain. Its purpose is to deal with increasing incidence of fraud in digital payment. RBI has asked banks to take their net banking website to a new domain ‘.bank.in’ to prevent fraud in digital payment on behalf of RBI. This work will have to be completed by 31 October 2025. The purpose of this change being made by RBI is to make digital banking safe and prevent online fraud.
What is the new rule?
The circular issued by the RBI said that all banks will have to shift their current website to ‘.Bank.in’ domain. The decision was taken on 7 February 2025, when RBI (RBI) announced to take this step to prevent increasing fraud in digital payment. The new domain will increase people’s trust in digital banking and will strengthen cyber safety.
Bank.in ‘Domain is necessary?
Bank.in’ domain is specially made for banks. This will help prevent fake websites and fishing attacks (which steal your information by deception). Right now people are being cheated by creating many fake websites. By having a new domain, people will be able to easily identify whether they are on the real website of the bank. RBI says that this will increase people’s trust in digital banking and payment system.
How will the bank work?
The Institute for Development and Research in Banking Technology (IDRBT) has been given the responsibility of RBI. IDRBT has been given the registrar of this domain by the National Internet Exchange of India (NIXI). This work will be under the supervision of the Ministry of Electronics and Information Technology and banks will have to contact IDRBT. IDRBT will explain the entire process of going to the new domain to banks.