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, Rural Planning and Credit Department was started on April 1, 2011. Similarly, to cater to the needs of six Urban Cooperative Banks operating out of the State of Goa, Urban Banks Department was started on June 17, 2011. To facilitate the function of banking to the Government, a Government Banking Department (GBD) began its operations at Panaji RO on December 5, 2017.

State of Goa

Head of Office
Shri S.T. Kannan, General Manager (OIC)

Address Telephone Fax
Reserve Bank of India
701-706, Gera
Imperium II, EDC
Complex, Patto,
Panaji, Goa – 403 001


Working and banking hours
Working hours Weekdays 09:45 am to 05:45 pm