DoT Welcomes RBI’s Advisory to Integrate Financial Fraud Risk Indicator
The Department of Telecommunications (DoT) has welcomed the Reserve Bank of India’s (RBI) June 30 advisory directing all Scheduled Commercial Banks, Small Finance Banks, Payments Banks, and Co-operative Banks to integrate the Financial Fraud Risk Indicator (FRI) into their systems.
Developed by DoT’s Digital Intelligence Unit (DIU) and launched in May 2025, the FRI classifies mobile numbers into Medium, High, or Very High risk categories based on data from the National Cybercrime Reporting Portal, DoT’s Chakshu platform, and inputs from banks and financial institutions.
The integration enables real-time fraud risk checks via secure API-based connections with DoT’s Digital Intelligence Platform (DIP), empowering banks to take preventive actions such as blocking or delaying suspicious transactions and alerting customers.
The initiative aims to curb cyber-enabled financial frauds and improve collaboration between financial institutions and government agencies. Major institutions like PhonePe, PNB, HDFC Bank, ICICI Bank, Paytm, and India Post Payments Bank are already using the FRI system.
DoT emphasized that this step supports the Digital India vision and will significantly enhance trust and resilience in India’s digital financial ecosystem.
