Banks and monetary establishments can use the Monetary Fraud Threat Indicator (FRI) in actual time, which classifies cell numbers based mostly on their affiliation with medium, excessive or very excessive danger of monetary fraud.
The information is collected from numerous sources, together with reporting on the Indian Cyber Crime Coordination Centre (I4C’s) Nationwide Cybercrime Reporting Portal (NCRP), DoT’s Chakshu platform, and Intelligence shared by banks and monetary establishments.
“The Division of Telecommunications (DoT) welcomes the Reserve Financial institution of India’s (RBI) advisory issued on June 30, 2025, directing all scheduled business banks, small finance banks, funds banks, and co-operative banks to combine the Monetary Fraud Threat Indicator (FRI) developed by DoT into their techniques,” the assertion stated.
Launched in Could 2025 by DoT’s Digital Intelligence Unit (DIU), the system’s utility has already been demonstrated, with main establishments like PhonePe, Punjab Nationwide Financial institution, HDFC Financial institution, ICICI Financial institution, Paytm, and India Put up Funds Financial institution actively utilizing the platform.
“With UPI being essentially the most most well-liked cost technique throughout India, this intervention might save hundreds of thousands of residents from falling prey to cyber fraud. The FRI permits for swift, focused, and collaborative motion in opposition to suspected fraud in each telecom and monetary domains,” the assertion stated.DoT referred to as the RBI transfer a “watershed second within the combat in opposition to cyber-enabled monetary frauds” and a testomony to the ability of inter-agency collaboration in safeguarding residents in India’s rising digital economic system.
“It additionally underscores the strategic significance of automating information alternate between banks and DoT’s DIP via API-based integration, enabling real-time responsiveness and steady suggestions to additional refine the fraud danger fashions,” the assertion stated.