India's central bank, the Reserve Bank of India, has announced the introduction of a dedicated '.bank.in' domain for banks, launching in April 2025. This initiative seeks to address the rising concerns over digital payment frauds and aims to improve online banking security. The Institute for Development and Research in Banking Technology (IDRBT) will act as the exclusive registrar for this new domain. In addition, non-bank financial institutions will have a separate 'fin.in' domain. The initiative will help differentiate legitimate banking sites from fraudulent ones, as digital fraud continues to rise in India.
The Reserve Bank of India is set to introduce the exclusive '.bank.in' domain in April 2025 to combat rising digital payment frauds and enhance online banking security.
The move aims to bolster trust in digital banking services by helping users identify legit websites, thus addressing the surge in cyber fraud and predatory lending.
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