A Cell of the Exchange Control Department was started in Panaji, the capital of Goa on November 24, 1983 to cater to the foreign exchange needs of the local as well as the visiting population. This was turned into a full-fledged Exchange Control Department (now Foreign Exchange Department) with effect from January 2, 1984. Considering the growing needs of financial inclusion, Financial Inclusion and Development Department (erstwhile Rural Planning and Credit Department) was started on April 1, 2011. Similarly, to cater to the needs of Urban Cooperative Banks operating in the State of Goa, Department of Supervision (erstwhile Urban Banks Department) was started on June 17, 2011. To facilitate the function of banker to the Government, a Government Banking Department (GBD) began its operations at Panaji RO on December 5, 2017. Human Resource Management Department (HRMD), Estate Department and Consumer Education and Protection Cell (CEPC) are also functioning in Panaji Office. With effect from April 01, 2022, Panaji Office became Regional Office.

Jurisdiction
State of Goa

Head of Office
Shri Prabhakar Jha, Regional Director

Working and banking hours