As of 2025, the Reserve Bank of India (RBI) has proposed new rules with respect to CIBIL score to establish credit score management more transparently and with more consumer interest. These rules target better consumer control over credit history, thus achieving success in making relevant financial decisions. Let’s comprehensively discuss these new rules.
CIBIL Score Update
CIBIL score earlier used to be updated once a month, leading to delay in the financial activities’ effect on the score. Under the new rules, it is now updated every 15 days, which will help consumers assess their credit behavior in almost real time.
More Transparency On Credit Report
According to rules now in effect, in every bank or financial institution check of a consumer’s credit report, an SMS or email notification shall be sent to the consumer. The notification is aimed at curbing unauthorized access to credit information and providing some control to the consumer over his or her financial data.
Notification Before Default Reporting
Consumers will now be notified through SMS or Email prior to the default reporting. This notification will enable the consumers to meet their outstanding payments due dates. This mechanism has been introduced to further reduce defaults and encourage financial stability for consumers.
Improved Grievance Redressal
In the case of a consumer’s credit report being in error, a correction is to be made within 30 days. If this is not the case, then the respective bank or credit bureau would be penalized ₹100 every single day. This rule intends to speed up the redressal of consumer complaints.
Annual Free Credit Report
Consumer reports will now include a free credit report yearly. This service allows consumers to evaluate their credit score and history, which can lead to improvements in their financial condition.
Final Thought
Newly imposed CIBIL score rules 2025 have been a metamorphosis into a consumer advantage. Faster updates, transparency, and better grievance redressal will empower consumers for better credit score management. These alterations will promise financial stability for consumers and help them fulfill their financial goals. Therefore, you may improve your credit score by adhering to these rules and make the most of this financial opportunity.
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