What happened
PM Narendra Modi inaugurated the RBI's Data Centre and Cybersecurity Training Institute in Bhubaneswar, Odisha on 25 October 2026. The data centre will host RTGS and NEFT systems.
- Inauguration date
- 25 Oct 2026 PM Modi inaugurated the RBI Data Centre and Cybersecurity Training Institute in Bhubaneswar, OdishaPress Information Bureau, Government of IndiaReserve Bank of India
- Mission-critical systems
- RTGS & NEFT The new Data Centre will house RBI's mission-critical systems, including RTGS and NEFTReserve Bank of India
- Training focus
- Cybersecurity, AI The Cybersecurity Training Institute will build expertise in cybersecurity, AI and emerging technologiesReserve Bank of India
Why it matters
India's interbank transfer backbone gets a more resilient, geographically diversified home. No fee, rate or service change was announced.
Remember this
India's payment rail now has a backup home in Bhubaneswar.
More context & who is affected
India's largest interbank transfer systems now run from a new base. On 25 October, PM Narendra Modi opened the RBI's Data Centre and Cybersecurity Training Institute in Bhubaneswar, Odisha. The data centre will host RTGS and NEFT, the systems that move money between banks.
RBI Governor Sanjay Malhotra said the central bank is focusing on new technology, sturdier digital infrastructure and cyber defence. The training institute is meant to build skills in cybersecurity, AI and other emerging fields. PM Modi cautioned that modern conflicts strike economies through cyber attacks, so India's financial network must stay protected.
For a typical customer nothing changes today: no fee, rate or new service was announced. What shifts is where the payment rail lives — a second, geographically separate base, which the RBI says lowers the risk of disruption. The evidence does not prove any change in transfer speed, outages or jobs.
Background
The facilities open as Odisha pairs its mineral-based industries with semiconductors, electronics and data centres, a shift PM Modi called 'from mines to microchips'. The RBI says the moves aim to strengthen the resilience of digital financial infrastructure.
General Public · Banking Finance Professionals
No change in transfer fees or rates was announced; the move is about resilience, not cost.
General Public
Interbank transfers run on a more geographically diversified backbone, which the RBI says reduces downtime risk.
Banking Finance Professionals
The institute may build cyber skills for RBI and bank staff, but no hiring or course details were announced.
Reporting fromPress Information Bureau, Government of India ↗Reserve Bank of India ↗
Sources & verification2 sources · 4 claims
These are the records behind this briefing. Linked reporting is not the same as independent confirmation.
- Press Information Bureau, Government of IndiaOfficialPublished Oct 25, 2026 · Accessed Oct 28, 2026
- Reserve Bank of IndiaOfficialPublished Oct 25, 2026 · Accessed Oct 28, 2026
Claims and linked sources
PM Narendra Modi inaugurated the RBI's Data Centre and Cybersecurity Training Institute in Bhubaneswar, Odisha on 25 October 2026.
The new Data Centre will house RBI's mission-critical systems including RTGS and NEFT.
The Cybersecurity Training Institute will build expertise in cybersecurity, AI and emerging technologies.
PM Modi said modern warfare targets economies through evolving cyber threats and that India must shield its financial system from them.
