What changed
RBI issued a circular on November 9, 2012, advising urban co-operative banks to transition from IPv4 to IPv6. The government's NTP-2012 aims for broadband on demand by 2015, and IPv4 addresses are nearly exhausted. Banks are advised to form special teams to complete migration preferably by December 2012.
What it means for you
Banks must urgently upgrade their internet infrastructure to IPv6 to avoid service disruptions as IPv4 addresses run out. This affects all online banking, payment gateways, and websites. Non-compliance could lead to connectivity issues and regulatory scrutiny.
What you must do
- Form a dedicated team to oversee IPv6 migration immediately.
- Ensure all payment gateways, websites, and banking systems are IPv6-compatible preferably by December 2012.
- Contact DoT's Shri R. M. Agarwal at 9868133440 for technical assistance if needed.
Who it affects
All Primary (Urban) Co-operative Banks, IT and network teams of these banks, Payment gateway providers and vendors serving these banks
Why is IPv6 migration necessary for banks?
IPv4 addresses are nearly exhausted, and the government's NTP-2012 mandates transition to IPv6 to support broadband growth. Banks must migrate to ensure uninterrupted online services.
What is the deadline for migration?
The government prefers completion by December 2012. RBI advises banks to act proactively and form special teams to meet this timeline.
Who can I contact for help with IPv6 implementation?
Shri R. M. Agarwal, DDG (NT), DoT, at mobile number 9868133440, leads the support team for all stakeholders.