Banking Fraud - Rightsofemployees.com https://www.rightsofemployees.com Know Your Rights Wed, 23 Apr 2025 04:42:37 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.rightsofemployees.com/wp-content/uploads/2018/01/cropped-emp1-32x32.png Banking Fraud - Rightsofemployees.com https://www.rightsofemployees.com 32 32 RBI’s big initiative, instructed banks to do this by 31 October https://www.rightsofemployees.com/rbis-big-initiative-instructed-banks-to-do-this-by-31-october/ Wed, 23 Apr 2025 04:42:37 +0000 https://www.rightsofemployees.com/?p=42953 Banking Fraud: With digital banking in the country, the incidence of banking fraud has increased rapidly. Every 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 set a deadline of October 31, […]

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]]> Banking Fraud: With digital banking in the country, the incidence of banking fraud has increased rapidly. Every 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 set a deadline of October 31, 2025 for all banks to convert their digital operations to the ‘Bank.in’ domain. The aim of this directive is to improve the security infrastructure of online banking services across the country.

What will be the benefit of this step? 

The dedicated domain will provide a secure interface for online banking. This will curb cybercriminals who exploit vulnerabilities in online platforms. This change will require banks to update their IT infrastructure to comply with the new requirements, providing a seamless and secure banking experience for customers. 

In this way you will get help in preventing cyber fraud

1. What is ‘.bank.in’ domain?

The .bank.in domain is a secure domain introduced by RBI exclusively for Indian banks to prevent digital payment frauds and increase trust in online banking services.

2. Who launched the ‘.bank.in’ domain?

It was launched by the Reserve Bank of India (RBI), with domain registration and operational support provided by the National Internet Exchange of India (NIXI) and the Institute for Development and Research in Banking Technology (IDRBT) under the authority of MeitY.

Why was this domain introduced?

  • Strengthening cyber security infrastructure
  • Banking customers will be able to easily identify banking websites 
  • Preventing phishing and spoofing attacks through fake banking domains
  • Increasing public confidence in digital banking systems

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]]> SBI, PNB, Axis Bank warned customers against banking fraud, gave these tips https://www.rightsofemployees.com/sbi-pnb-axis-bank-warned-customers-against-banking-fraud-gave-these-tips/ Wed, 22 May 2024 09:00:31 +0000 https://www.rightsofemployees.com/?p=29589 Banking Fraud: With changing times, there have been major changes in the methods of banking. Digital banking has become an essential part of people’s lives, but with its increasing use, there has been a tremendous increase in digital frauds related to banks. In view of the increasing cases of bank fraud, many big banks of […]

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]]> Banking Fraud: With changing times, there have been major changes in the methods of banking. Digital banking has become an essential part of people’s lives, but with its increasing use, there has been a tremendous increase in digital frauds related to banks.

In view of the increasing cases of bank fraud, many big banks of the country have warned their customers. State Bank of India (SBI), the country’s largest public sector bank, has warned customers in view of the increasing cases of fraud. SBI has advised customers to be careful in the process of receiving SBI Reward Points through Android Application Package (APK).

SBI gave this advice

In the recent past, many such cases of banking fraud have come to light in which hackers send links to customers asking them to download third party mobile applications. Through this, they commit banking fraud by stealing personal details of customers. While sharing this information on its official Twitter handle, SBI has said that SBI customers should pay attention, beware of fraudsters.

It has been observed that many fraudsters are luring people to give SBI reward points by sending links of APKs through SMS and Whatsapp. Keep in mind that SBI does not send the link of such APKs to the customers at all. Avoid clicking on such links and protect yourself from banking fraud.

ICICI Bank gave these tips to its customers

Apart from State Bank, ICICI Bank has also advised customers not to download APK files without verification. Along with this, the bank also said that the bank does not ask any customer to download any app for updating KYC.

Axis Bank gave this advice

Large private sector bank Axis Bank has also cautioned its customers to protect themselves from investment and task based frauds. The bank has advised customers not to share their information or financial details.

PNB gave this advice

Public sector bank i.e. Punjab National Bank has asked its customers to stay safe from fake web links. The bank has advised its customers not to click on any unverified link.

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