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RBI Citizen’s Charter: 99.9% of applications cleared on time in Sept

3 October 20261 min read
BANKING & FINANCERBI Citizen’s Charter:99.9% ofapplications clearedon time in Sept3 October 2026safalsetu.com

Why in the news

On 2 October 2026 the Reserve Bank of India published the status of applications handled under its Citizen’s Charter for September 2026, reporting that 99.9% were disposed of within the prescribed timelines.

Key facts

  • Opening balance: 3,011 applications were pending at the start of the month.
  • Received: 17,200 new applications; 701 were sent back to applicants for more information.
  • Processed: 16,844 applications, 99.9% within timelines.
  • Pending on 30 September: 2,666, of which 2,646 (99.2%) were still within their timelines.
  • Charter revision: one Financial Markets service added, the timeline of another Financial Markets service changed, and eight Foreign Exchange Management services removed because powers were delegated to Authorised Dealers. Total services now: 206.

Applications by function (September 2026)

FunctionApplications
Currency Management7,351
Banker to Banks and Governments7,173
Foreign Exchange Management2,364
Regulation and Supervision1,702
Debt Management856
Payment and Settlement Systems54
Financial Markets9
FinTech1

About PRAVAAH

PRAVAAH (Platform for Regulatory Application, VAlidation and AutHorisation) is RBI’s single online portal for seeking regulatory approvals. It was launched on 28 May 2024 by the then Governor Shaktikanta Das with 60 application forms. Applicants can file, track progress, answer RBI queries and receive decisions within fixed timelines.

Exam angle

  • Remember the numbers: 206 services, 99.9% processed on time.
  • Currency Management was the busiest function in September 2026.
  • Know the PRAVAAH expansion and its 2024 launch.

Test yourself

1. How many services are covered under RBI's Citizen's Charter after the latest revision (September 2026 status)?

After adding one and deleting eight services, the Charter covers 206 services.

2. Which RBI function received the most Citizen's Charter applications in September 2026?

Currency Management led with 7,351 applications.

3. What does PRAVAAH, RBI's online approvals portal, stand for?

PRAVAAH means Platform for Regulatory Application, VAlidation and AutHorisation, launched on 28 May 2024.

Sources: RBI press release, 2 October 2026, RBI press release on PRAVAAH launch