RBI Launches ‘On Tap’ Application Facility for Theme-Neutral Regulatory Sandbox

The Reserve Bank of India (“RBI”) has expanded its Regulatory Sandbox framework by introducing an ‘On Tap’ application facility for Theme-Neutral proposals, as announced in its Statement on Developmental and Regulatory Policies dated April 9, 2025 (accessible [here]).

This move allows eligible entities to submit applications at any time—outside of pre-defined thematic cohorts—for testing innovative products or solutions within the regulatory scope of the RBI. The initiative supports experimentation in a wide range of emerging areas, including digital financial literacy, alternative credit scoring, e-KYC, artificial intelligence, blockchain, RegTech, SupTech, sustainable finance, financial inclusion, and grievance redressal, among others.