RBI, for achieving end-to-end digitization of all internal workflows involved in regulatory approval processes to enhance efficiency, transparency, and timeliness in service delivery has launched PRAVAAH (Platform for Regulatory Application, Validation And AutHorisation) portal 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.

With effect from May 01, 2025, all applicants, including Regulated Entities (REs) are advised to use PRAVAAH for submitting applications for regulatory authorisations, licenses, and approvals to the Reserve Bank using the application forms already available in the portal. Applications for which a specific form is not available can be submitted using the general-purpose form.

In exceptional cases, where members of the public are unable to submit their applications through PRAVAAH system, they may submit their applications directly to the Reserve Bank as hitherto. However, such applications also will be processed through the PRAVAAH system by the Reserve Bank and the applicants will be duly notified of the same.