RBI Rules: Now your CIBIL score will not be affected, RBI has made new rules..

Cibil score news: RBI has recently taken an important step, due to which there will be no possibility of your CIBIL score getting spoiled. The changes made under the new RBI (Reserve Bank of India) rules will bring relief to those whose CIBIL score was bad due to various reasons and whose credit history was often negatively affected. Now some new ways will open to avoid such problems. This change can bring a big change in the financial sector.

The problem will be solved in this many days -

The new rules of RBI will benefit the customers a lot. If a customer finds a mistake or wrong information in his credit score, he can complain to the company. The company will have to resolve the complaint within 30 days. After the complaint is made by the customer, the banks will have to solve the problem in 21 days, and after the bank informs the CIBIL agency (penalty rules for cibil agency) in 9 days. If this does not happen, then a fine of Rs 100 per day will be imposed on the banks or the concerned financial institutions. This rule will resolve customer problems quickly and in case the problem is not resolved, the companies will be held responsible.

Reserve Bank told these rules for CIBIL score -

It is necessary to give information about the CIBIL score: The Reserve Bank of India has given a new directive to all credit information-providing companies and banks. Under this, whenever a bank (bank news) or financial institution checks the credit report of a customer, it will have to send its information to the customer. This information can be sent through SMS or e-mail. There were many complaints related to customers taking this step, especially regarding their credit score (credit score new rules). Reserve Bank of India has taken this decision to resolve these complaints so that customers can get transparency and control over their credit information.

The reason for request rejection will have to be told -

Reserve Bank of India has implemented a new rule (RBI new rules for cibil score) under which if a customer's demand related to loan or credit etc. is rejected, then he should be told about the reason for it. This step will help customers understand why their demand was not accepted. Apart from this, it will be necessary to prepare a list of these reasons and send it to all financial institutions. This process will increase transparency and customers will get better information so that they can plan and take decisions correctly.

Customers will get a full credit report for free -

Now according to the new rules and regulations, credit companies will have to provide complete information on credit reports (credit report kaise check kre) to their users every year without any charge. For this, companies have to show a special link on their website. Through this link, customers will be able to easily see their financial information and score status. This step will give customers a clear understanding of their financial situation and will help them in their economic decisions. In this way, people can know their credit history at the right time.

New rule for declaring defaulter

The Reserve Bank has ordered that if a customer is not able to repay the loan (loan repayment rules) and has to be declared a defaulter, then he should be informed first. This step cannot be taken without informing the customer. Loan lending companies will inform the customer through SMS or e-mail. Apart from this, banks and loan lending institutions will appoint a nodal officer. These officers will solve the problems related to the credit reports of the customers. This new rule will help the customers in getting the correct information and their problems will be solved quickly.

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