Based on multiple authoritative sources, the RBI has introduced several consumer-friendly measures to enhance transparency, timeliness, and grievance redressal in credit reporting.
Fortnightly (every 15 days) CIBIL Score Updates
Credit scores are now updated twice a month—typically on the 15th and the last day—ensuring the credit profile reflects recent financial behavior more rapidly.
Notifications for Credit Report Access
Whenever a bank or NBFC checks your credit report, you must be informed via SMS or email.