Your credit score to get updated every week from July 1. Details here

From July 1 this year, credit information companies (CICs) would update their credit information records every week.

Those who are not aware, the Reserve Bank of India (RBI) had issued RBI (Credit Information Companies) Amendment Directions, 2025 on Dec 4 last year for the efficient functioning of the credit information reporting system in the country.

Key rules of RBI directions 2025

1. These directions will come into force from July 01, 2026.

2. A CIC (credit information company) will keep the credit information collected by it updated regularly on the following basis or at shorter intervals as mutually agreed upon between the CIC and lender:

A. The bank will submit credit information on the 9th, 16th, 23rd and last day of the month to CICs.

B. The lender will submit the full file containing credit information records as of the last day of the month to the CICs by the 5th day of the next month.

C. For other submissions during the month, i.e., credit information records as on 9th, 16th and 23rd day of the month, a credit institution will only furnish ‘incremental accounts’ to CICs.

What are incremental accounts?

Incremental accounts will include details in respect of the following accounts:

1. Accounts opened since the last reporting reference date

2. Accounts wherein the relationship between the borrower and the lender has ended since the last reporting reference date

3. Accounts where there is a change from the last reporting reference date because of any action/ transaction initiated by the borrower

4. Accounts where interest and/or instalment of principal is overdue

Disclaimer: MintMoney has a tie-up with fintechs for providing credit; you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit score. MintMoney does not promote or encourage taking credit, as it comes with a set of risks, such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.

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