The PRAVAAH portal, launched by the Reserve Bank of India (RBI) in May 2024, stands for Platform for Regulatory Application, Validation, and AutHorisation
Shri Shaktikanta Das, Governor, Reserve Bank of India today launched three major initiatives of the Reserve Bank of India, namely the PRAVAAH portal, the Retail Direct Mobile App and a FinTech Repository
PRAVAAH is a secure and centralised web-based portal for any individual or entity to seek authorisation, license or regulatory approval on any reference made by it to the Reserve Bank. The following are some of the key features available in the portal.
1.Submit the application online on the portal;
2.Track and Monitor the status of the application/reference;
3.Respond to any clarification/query sought by the RBI in connection with the application/reference; and
4.Receive a decision from the Reserve Bank in a time bound manner.
