By Admin 
Credit Score: If you are using credit card or paying loan EMI, then there is big news for you. A decision of the Reserve Bank of India (RBI) is going to prove to be a game changer for you. Under this, from April 2026, people will not have to wait for weeks for the credit score, rather your credit score will be updated every seven days.
How often will credit scores be updated?
According to the new rule, now credit scores will be updated every seven days instead of twice a month. This change is being made under RBI’s draft ‘Credit Information Reporting (First Amendment) Directions, 2025’. Under this proposal, all Credit Information Companies (CICs) will update borrower data five times a month – on 7th, 14th, 21st, 28th and last day of every month.
The purpose of this step of RBI is to make a big change in the way of reporting and updating credit data. This will especially benefit those people whose loan is stuck merely because the bank is waiting for the latest credit score report.
What will be the change?
Earlier, banks or financial institutions had to send data to credit bureaus like CIBIL, Equifax, Experian and Crif High Mark once or twice a month. Now, even though banks and NBFCs will send the complete set of credit records once a month, they will also have to update major changes at regular intervals such as new loan or newly issued card, closed accounts, repayment updates, any change in borrower details and any change in loan classification, etc. This means that if someone closes a credit card, repays a loan or improves their repayment track record, the change can be reflected in their credit report within a few days.
It has many benefits
- There will be no need to wait long for improvement in credit score after EMI or loan repayment.
- The faster the credit score improves, the faster the loan approval will also be.
- The effect of updating data from time to time will also be visible on credit health, which will help you in getting loan at better interest.
- If the bank has your latest updated data, then you will not face any problem while applying for a new card or loan.
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