Financial Fraud Risk Indicator (FRI)

Reserve Bank of India’s (RBI) on June 30 issued an advisory directing all Scheduled Commercial Banks, Small Finance Banks, Payments Banks, and Co-operative Banks to integrate the Financial Fraud Risk Indicator (FRI) developed by Department of Telecommunications (DoT) into their systems.

• The Financial Fraud Risk Indicator (FRI), launched in May 2025 by DoT’s Digital Intelligence Unit (DIU), is a risk-based metric that classifies a mobile number to have been associated with Medium, High, or Very High risk of financial fraud.

• The Digital Intelligence Unit (DIU) of DoT regularly shares the Mobile Number Revocation List (MNRL) with stakeholders, detailing numbers disconnected due to cybercrime links, failed re-verification, or misuse—many of which are tied to financial frauds.

Source: PIB