PROCESSING OF REGULATORY AUTHORISATIONS/ LICENSES/ APPROVALS THROUGH PRAVAAH
Reserve Bank of India (‘RBI’) had launched the PRAVAAH portal (Platform for Regulatory Application, Validation And Authorisation) on May 28, 2024 to streamline online applications for regulatory authorisations, licenses, and approvals ensuring seamless, secure and faster delivery of services in a transparent manner.
PRAVAAH portal enables the submission of applications digitally and enables the applicant to monitor the status of the application through the portal itself via SMS and email. So far, 108 forms are available for use in the portal and further, more forms will get added on the portal as the need arises. The entire list of forms can be accessed at the following weblink: https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=60211.
The portal also has a facility through which the applicant can submit additional information, or clarifications sought by RBI. RBI will communicate its decision through PRAVAAH in a time bound manner.
Effective May 1, 2025, all applicants, including Regulated Entities (REs) are advised to use PRAVAAH for submitting applications for regulatory authorisations, licenses, and approvals to RBI using the application forms available on the portal. Applications for which a specific form is not available can be submitted using the general-purpose form.
