The Reserve Bank of India (RBI) has mandated that, effective May 1, 2025, all banks, financial institutions, and other regulated entities must exclusively use the PRAVAAH portal for submitting applications related to authorizations, licenses, and regulatory approvals.

What is PRAVAAH?

PRAVAAH stands for Platform for Regulatory Application, Validation, and Authorization. Launched by the RBI on May 28, 2024, it is a secure, web-based portal designed to streamline the application process, enhance transparency, and ensure faster processing of requests.

Features and Benefits

The PRAVAAH portal offers several features aimed at simplifying the regulatory application process:?

• Access to necessary application forms
• Step-by-step instructions for submission
• Real-time tracking of application status
• Alerts and notifications

Support resources, including a user manual, FAQs, and video tutorials?

Since its launch, the portal has received around 4,000 applications and requests. However, the RBI observed that some entities continued to use traditional methods for submissions. To ensure faster processing and improved transparency, the RBI has now made it compulsory for all regulated entities to use the PRAVAAH portal exclusively.