Context:
RBI has asked banks to adopt the FRI tool for fraud detection.

About FRI:

• Launched by DoT Intelligence Unit (May 2025).
• Categorizes mobile numbers as Medium, High, or Very High Risk.
• Based on inputs from I4C’s NCRP, Chakshu, and banks.

Use:

• Helps banks, NBFCs, and UPI providers block high-risk transactions.
• Already in use by ICICI Bank, PhonePe, etc.
• Supports real-time fraud detection and enhances Digital India initiative.

Source: PIB