RBI Update: RBI has issued guidelines, now your credit score will be updated every week, this is how you will benefit..

The Reserve Bank of India (RBI) has taken a major and important decision regarding credit score updates, which will provide relief to millions of credit card and loan holders. According to new draft guidelines issued on September 29, 2025, Credit Information Companies (CICs) will now update credit scores weekly. This change will come into effect on April 1, 2026.

Currently, CICs update credit data fortnightly, i.e. every 15 days. This often delays the reporting of improved credit scores for customers, hindering them from obtaining desired credit cards or low-interest loans. With the implementation of the new RBI rules, millions of borrowers will be spared this hassle.

RBI stated this in the draft:
According to the draft issued by the RBI, credit companies will update credit reports on the 7th, 14th, 21st, 28th, and the last day of each month. To achieve this, banks will be required to submit their complete credit files to CICs by the 3rd of the following month. For the rest of the weekly update, banks will be required to submit incremental data, such as new accounts opened, accounts closed, customer changes, or data related to account status changes. Banks must submit this data within two days. If a bank fails to submit the data on time, CICs will report it to the RBI's DAKSH portal.

How will customers benefit?
With weekly updates, customers' improved credit scores will be reflected in their reports faster, enabling them to obtain loans at faster and more accurate interest rates. Many banks now link interest rates to credit scores, so faster score updates can lead to lower interest rates. This will also help facilitate better credit card offers and increased limit rates.

A Game Changer for Banks
Banks will receive up-to-date and accurate customer credit data, making loan approval and risk assessment processes more accurate. This will enable banks to better decide who to lend to and at what interest rates. Overall, the RBI's decision to introduce weekly credit score updates is beneficial for both customers and banks. This is being considered a big step towards making the credit system more transparent, fast, and reliable.

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