The Reserve Bank of India (RBI) has launched ‘PRAVAAH’ portal which is a secure and centralised web-based portal for any individual or entity to seek authorisation, licence or regulatory approval on any reference made by it to the Reserve Bank.
- At present, 60 application forms covering different regulatory and supervisory departments of RBI have been made available on the portal.
- This also includes a general purpose form for applicants to submit their requests which are not included in any other application form.
- RBI has also launched a mobile app which can be downloaded from the Play Store for Android users and App Store for iOS users.
- Earlier, the retail direct website was launched in November 2021 to facilitate retail investors to open their Retail Direct Gilt accounts with the Reserve Bank of India under the Retail Direct Scheme.
- The scheme allows retail investors to buy G-Secs in the primary auctions as well as buy and sell GSecs in the secondary market.
