RBI Shifts NDS-OM Access Process to PRAVAAH Portal

Notification no. FMRD.MIOD.No.1/11.01.051/2026-27, Dated 27.04.2026

The Reserve Bank of India (RBI) has updated the Master Direction on access criteria for the NDS-OM (Negotiated Dealing System – Order Matching) platform, aligning it with recent digital initiatives.

1. Integration with PRAVAAH Portal

In line with the implementation of the PRAVAAH portal:

• Application processes have been digitised and streamlined
• Forms are now hosted on the portal instead of being embedded in the Directions

2. Rationalisation of Application Forms

• Existing application formats have been removed from the Master Direction
• Revised formats are:

1. 1. Available on the PRAVAAH portal
   2. Designed to simplify submission and processing

3. Objective of the Update

The revision aims to:

• Improve ease of regulatory access
• Promote digital-first application processes
• Enhance efficiency and transparency

4. Effective Date

• The updated Directions are effective immediately

5. Conclusion

The update reflects RBI’s push towards digitisation and process simplification, ensuring that access to the NDS-OM platform is managed through a more efficient and centralised application system.

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