What Is .bank.in Domain? RBI’s New Mandate Explained
What Is .bank.in Domain? RBI’s New Mandate Explained Introduction: What Is .bank.in Domain? As the fintech era turns digital, the responsibility falls on as much as trust and security are involved. With more cyber frauds, phishing cases, and fake bank websites, Reserve Bank of India (RBI) has taken a historic step by introducing the use of .bank.in domain for all Indian banks. All this will be elaborated in detail within this blog: What is .bank.in domain? Why RBI made it compulsory? First of all, let us talk about its benefits, how it impacts bank security, search engine optimization, and trust. Steps followed in the process of compliance of the banking sector.And what it implies for fintechs and customers.Let’s start the ride of .bank.in domains and see more about this important RBI initiative. What Is .bank.in Domain? – A Detailed Overview The .bank.in domain is a secure and restricted domain introduced under the ‘.in’ domain hierarchy managed by INRegistry and governed by NIXI (National Internet Exchange of India). It is exclusively meant for Indian banks, ensuring: Verification-based registration (only genuine banks can apply), Restricted use, and High-level DNS and HTTPS security features. RBI’s Vision Behind the Mandate So again, what is .bank.in domain in the context of RBI? RBI’s 2024 circular clearly stated that all banks must migrate to a .bank.in domain by June 2025. This mandate aims to: Enhance trust and legitimacy of banking websites, Prevent spoofing, phishing, and clone websites, and Promote a standardized, RBI-approved digital identity for banks. Why Is the .bank.in Domain Mandate Needed? Let’s look at why RBI had to mandate the .bank.in domain in the first place. 1. Rise in Banking Frauds Spoofed bank sites are usually created by cyber criminals using names like: hdfcbank-security[.]com icicibank-login[.]in sbi-customer-support[.]com The users become duped into providing login details or OTPs. But in .bank.in, it can happen only by the Indian banks registered and qualified to utilize the domain. 2. No Identity Authentication in Generic Domains Banks have used: .com .co.in .in .net These are open domains, where anyone can register without identity authentication, and thus they are unsafe. 3. Global Use of Secure Banking Domains USA and others use .bank, an fTLD-hosted restricted domain, for the same intent. India’s equivalent — .bank.in — is RBI-approved, India-specific, and facilitates Digital India initiatives. Important Features of the .bank.in Domain So that you can learn what is .bank.in domain, you must know its technical and security features: 1. Restricted Access Scheduled commercial banks, Small finance banks, Cooperative banks, and Regional rural banks are allowed to buy a .bank.in domain name, on the condition of RBI license proof. 2. Spoofed DNSSEC (Domain Name System Security Extensions) DNSSEC defends against DNS spoofing and cache poisoning attacks. 3. Defaults to HTTPS Encryption All .bank.in domains require SSL certificates, which is to be at least TLS 1.2 encryption level. 4. Email Authentication Forced on SPF, DKIM, and DMARC to prevent email spoofing attacks. 5. WHOIS Privacy Disabled The .bank.in domains retain their WHOIS data open, or maximum openness and trust. 6. No Subdomain Resale Which implies that the subdomains and domains cannot be resold, monetized, or transferred-the entire package is reserved only for banking activities. Benefits of Having a .bank.in Domain Following are the most crucial advantages that render .bank.in domain worth the exercise: Increase Trust & Customer TrustWhen the customers receive a name like axis.bank.in or sbi.bank.in, it makes them recognize it as official as well as RBI-sanctioned in the first try itself. Safe Brand GuardThe banks no longer have any concerns about the spoofed or cloned domains. The domain itself serves as a security boundary. Better SEO & Domain Authority As .bank.in domains are niche-specific, they: Attract more domain authority, Rank higher in banking-related searches, Enjoy better CTRs (Click-Through Rates) in search engines. Regulatory Compliance Migrating to .bank.in ensures: RBI compliance, Cyber insurance eligibility, Better audit scores under ISMS, SOC2, and PCI-DSS frameworks. RBI’s Official Circular: Highlights of the Mandate Deadline: Change prior to 30th June 2025 Includes: All Indian banks, cooperative, regional, and payment banks DNSSEC, SSL, and DMARC compliance is required Old domains (.com, .net, etc.) registered to be routed to the .bank.in domain How Banks Can Migrate to .bank.in Domain – Step-by-Step Understanding what .bank.in domain is also understanding how to set it up. Step 1: Verification of Eligibility Banks must possess an RBI license and must be registered on the RBI database. Step 2: Register through INRegistry or Approved Registrars Submit: Proof of registration at RBI Legal authorization letter Domain admin KYC information Step 3: Secure DNS & SSL configuration DNSSEC enabling EV SSL Certificates purchase Implement SPF, DKIM, DMARC Step 4: Website Migration Migration of banking portals, mobile applications, and online services URL change to be made on: SMS notifications, Emailers, Ads, and QR-based payment systems. Step 5: Redirection & Testing 301 redirections of current domains to be triggered Uptime, logs, and security alerts to be tracked VAPT to be conducted What if the banks are not compliant? If one bank does not remain compliant until June 2025: Punishments or restrictions by RBI Cyber insurance to be made void Greater chances of theft of customer data and fraud Loss of customer trust on the internet and SEO ranking What Is .bank.in Domain? – Impact on Customers Considering it from the customer perspective, what is .bank.in domain all about . 1. Easy Identification of Authentic Sites Customers can safely rely only upon those sites which possess extension .bank.in. 2. Reduced Phishing, Greater Confidence Customers will be less deceived by attempts at phishing from sites that look like them. 3. Secure E-mail Communication Due to enforced DMARC and DKIM, bank spam e-mails will be greatly reduced. Fintechs, NBFCs, and Third-Parties How to Change Although fintechs and NBFCs are not mandatory to use .bank.in via law, they are majority banking partners. Hence, they must: Make .bank.in domains functional in USAID, AEPS, and lending APIs White-list .bank.in domains in firewalls and anti-spam filters Upgrade DNS and logic in code to accept
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