The National Payments Corporation of India (NPCI) on November 18, 2024, issued the notification regarding the Implementation of AES Encryption in ONMAGS Application.
The following has been stated namely: -
• To enhance the data security and ensuring compliance with modern encryption standards, the Advanced Encryption Standard (AES) has been implemented as the mandatory encryption protocol within the ONMAGS Application for all authentication modes.
• The banks and corporates that are ready with the new encryption mode can approach NPCI to get certified to move to production.
• All the members are advised to move to the new encryption methodology before January 31, 2025.
Please refer to the notification for further information.
[Notification No. NPCI/2024-25/NACH/005]