credit score
The Reserve Bank of India (RBI) has taken a big and important decision regarding credit score update, which will provide relief to crores of people taking credit cards and loans. According to the new draft guidelines released on 29 September 2025, now Credit Information Companies (CICs) will update the credit score every week. This change will come into effect from April 1, 2026.
At present CICs update credit data every fortnight i.e. every 15 days. This often results in delay in reporting the improved credit score of the customers, due to which they face difficulty in getting the desired credit card or low interest loan. After the implementation of the new rules of RBI, crores of loan takers will be saved from this problem.
RBI said this in the draft
According to the draft issued by RBI, credit companies will update the credit report on 7th, 14th, 21st, 28th and last day of every month. For this, banks will have to send the complete credit file of every month to CICs by the 3rd of the next month. For the remaining updates of the week, banks will have to send incremental data. Such as information related to newly opened accounts, closed accounts, any changes made by the customer, or data related to change in account status. Banks will have to submit this data within two days. If a bank does not submit the data on time, CICs will report it on RBI’s DAKSH portal.
How will customers benefit?
With weekly updates, customers’ improved credit scores will be reflected in the reports quickly. With this, they will be able to get loan quickly and at the right interest rate. Nowadays, many banks have linked the interest rate to the credit score, in such a situation, if the score is updated rapidly, the interest may be reduced. Apart from this, it will also help in getting better credit card offers and increasing the limit.
Game changer for banks too
Banks will get fresh and accurate credit data of customers, which will make the loan approval and risk assessment process more accurate. With this, banks will be able to decide better to whom to give loan and at what interest rate. Overall, RBI’s decision of weekly credit score update is beneficial for both customers and banks. This is being considered a big step towards making the credit system more transparent, faster and reliable.