Suramya's Blog : Welcome to my crazy life…

February 8, 2025

Reserve Bank of India launches exclusive domains ‘bank.in’ and ‘fin.in’ for Indian Banks to reduce cyber fraud

Filed under: Computer Security,Tech Related — Suramya @ 10:49 PM

A big problem in online security is verifying that the site you are accessing is the authentic version. As techies we have a bunch of ways to check if the site is valid but for regular users it can be a hard problem to solve. I personally know a few folks who have been scammed out of a lot of money so it is a pretty prevalent problem in the industry.

One of the ways people get scammed is that they are sent a link to a site that looks like the official bank site but is instead a cloned version of the site that hijacks the entered password and OTP to steal money. To combat this issue and the problem of banking sites not having a verifiable URL / Domain name, the Government of India has announced the launch an exclusive β€œ.bank.in” domain for banks starting from April 2025.

Similar to how the .gov address is a known domain name for US Government and .gov.in for official Indian Government sites this new domain will be for verified/validated banks only. The Institute for Development and Research in Banking Technology (IDRBT) will be the exclusive registrar for the new domain and will start rolling out in April.

In addition, the RBI is also planning to launch a “.fin.in” domain for non-bank entities in the financial sector. This will cover entities like paypal/PhonePe and other Fintech firms in India.

I think that this is a great idea and it would be awesome if we have have a global official .bank domain. But something like that would take a lot of time and coordination to implement so for now we will just have the India specific domains.

Source: Times of India: RBI announces exclusive domains ‘bank.in’ and ‘fin.in’ to enhance cyber security in Indian banking

– Suramya

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