RBI to Use PRAVAAH Portal Mandatory for Regulatory Clearances from May 2025
The Reserve Bank of India (RBI) will transform its online portal, PRAVAAH (Platform for Regulatory Application, Validation and Authorization), into the central channel for regulatory application submission from May 1, 2025. This is in consonance with the central bank’s drive to digitize its entire internal operations with a view to improving efficiency, transparency, and speed in extending regulatory services.
PRAVAAH was inaugurated on May 28, 2024, to ease the process of submitting online applications relating to regulatory authorizations, licenses, and approvals. The portal provides a secure and easy-to-use platform for stakeholders to communicate with the RBI in an organized and efficient manner.
PRAVAAH has gained momentum consistently since its launch, having already enabled the submission of more than 3,000 applications and requests. The portal currently hosts 108 standard application forms, and additional forms will be added whenever necessary. There is an option in the system for the applicants to track the status of their submissions by SMS and e-mail intimation. The system offers an option to the applicants for uploading additional information or clarification as demanded by the RBI, and intimations on the decisions are intimated through the portal within a predefined time.
W.e.f. On May 1, 2025, all applicants, including Regulated Entities (REs) and others, are requested to use the PRAVAAH portal to submit their applications based on the electronic forms available. In the absence of a specific form, a general-purpose form may be used in submitting an application.
In exceptional circumstances where candidates cannot utilize the portal, hard copy submissions will be accepted by the RBI. But even those applications will be dealt with internally on the PRAVAAH system, and the candidates will be accordingly notified.
To assist the users in utilizing the portal, a user guide, frequently asked questions (FAQ), and tutorial videos have been put on the website. The PRAVAAH portal can be accessed at [https://pravaah.rbi.org.in].
This project represents an important milestone for the RBI in its march towards digitalization and reaffirms its continued quest for enhancing regulatory engagement on a modern and timely basis.
