Current Context : The Reserve Bank of India has launched the PRAVAAH portal.
Aim : To enhance public access to the central bank and facilitating regulatory approvals and transactions.
ABOUT :
- The PRAVAAH (Platform for Regulatory Application, Validation, and Authorisation) portal is a secure and centralized web-based platform for individuals and entities to apply online for various regulatory approvals from the RBI.
- An individual or entity can submit 60 application forms covering different regulatory and supervisory departments of the RBI online.
- Applicants can also track their applications online, monitor their status, and receive a decision from the RBI in a time-bound manner.