Banking fraud
Banking Fraud: The incident of banking fraud with digital banking in the country has increased. Each day hundreds of people are falling prey to banking fraud by cyber fraud and losing their hard earned money. Now the Reserve Bank of India (RBI) has taken a big step. RBI has fixed deadline for all banks to convert its digital operation into ‘Bank.in’ domain by October 31, 2025. The objective of this instruction is to improve the security infrastructure of online banking services across the country.
What will be the benefit of this step?
Dedicated domain will provide a secure interface for online banking. This will curb cyber criminals who take advantage of weaknesses in the online platform. For this change, banks will need to update their IT infrastructure to comply with new requirements, which will provide a spontaneous and secure banking for customers.
In this way, help will be available to stop cyber fraud
1. ‘.Bank.in’ What is the domain?
.bank.in domain is a secure domain that RBI has introduced to prevent digital payments fraud for Indian banks and increase confidence in online banking services.
2. ‘.Bank.in’ Who launched the domain?
Launched by the Reserve Bank of India (RBI), which provided domain registration and operational assistance by the Institute of Development and Research in Banking Technology (IDRBT) under the Authority of National Internet Exchange of India (NIXI) and Meity.
Why was this domain brought?
Strengthening cyber security infrastructure. Banking websites will be able to easily identify banking customers. Stop fishing and spoiling attacks through fake banking domains to increase public confidence in digital banking systems
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