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RBI Directs on Domain: Now soon your bank’s online address will change. The Reserve Bank of India said in a directive to the banks that they should transfer their existing domains to the dot in domain. The date of 31 October has been fixed by the central bank. While this move of RBI will change the domain on one side, its online address will also be changed.
The RBI said that due to the frequent fraud in such digital transactions, this step has been taken to prevent it. The central bank further said that it has been decided to start the Dot Bank dot in special internet domain for Indian banks so that online fraud can be avoided.
According to news agency PTI, this initiative of RBI aims to reduce malicious activities such as cyber security threats and ‘fishing’ and to streamline safe financial services, which leads to confidence in digital banking and payment services.
The central bank said in a statement, “Now it has been decided to start the ‘Dot Bank dot in’ domain for banks through the Institute of Development and Research in Banking Technology. The Indian National Internet Exchange (NAIXI) under the Ministry of Electronics and Information Technology has been authorized to work as a specific registrar for this domain. ”
IDTBT will guide banks on various aspects related to the application process and adoption of new domain. The RBI said that all banks have been advised to transfer their existing domains to ‘dot bank dot in’ domain and complete it by 31 October 2025.
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