RBI's New Rule For Credit Score: Credit Bureaus To Update Info In Every 15 Days | RBI's New Update

RBI issues new rules for banks and financial institutions. Lenders must report consumers' credit information to Credit Information Companies (CICs) every 15 days. Currently, the reporting is done every 30 days.
After this RBI New update, the impact of borrowers' responsible credit behavior will be reflected more quickly, which could make consumers eligible for better credit product offers and more favorable interest rates. More up-to-date information could also help in resolving consumer disputes more quickly.
RBI has set a deadline of January 1, 2025, for lenders to implement the fortnightly reporting system.
For more details, visit https://www.paisabazaar.com/

------------------------------------------
Also Watch:

   • Credit Card Fees and Charges जिनके बा...  
   • क्या आपको अपने Credit Card पर Minimum...  
   • Credit Card प्राप्त करने के 5 Financi...  

------------------------------------------
Related Links:

Apply for a credit card at https://www.paisabazaar.com/cards/

--------------------------------------------
Timestamps -

0:00 - Introduction
0:13 - Credit Bureaus To Update Info In Every 15 Days
0:38 - Benefits to consumer
1:11 - Expert saying
1:35 - Deadline of new implementation

--------------------------------------------
Connect with Paisabazaar on:

Instagram:   / officialpaisabazaar  
LinkedIn:   / mycompany  
Facebook:   / officialpaisabazaar  
Twitter:   / paisabazaar_in  

--------------------------------------------
Download Paisabazaar App:

Google Play: https://play.google.com/store/apps/de...
AppStore: https://apps.apple.com/in/app/paisaba...

--------------------------------------------
Website:

https://www.paisabazaar.com/

--------------------------------------------

#rbinewguidelines #rbinewrules #creditscore #creditscores #rbinotification