The Reserve Bank of India (RBI) has introduced major changes in credit score guidelines to make reporting faster, error-free and more transparent for borrowers. These updated rules allow individuals to correct mistakes quickly and improve their credit scores much sooner than before. With proper steps, you can now start seeing improvement in your score within just 15 days. Here is a complete Google Discover–friendly guide on the new rules and how to boost your score fast.
What Are the New RBI Credit Score Rules?
RBI has mandated that all banks and lenders must update customers’ credit data every 15 days instead of the earlier 30–45 day cycle. This ensures faster reflection of EMI payments, reduced utilisation, loan closures and corrected records. Borrowers will also receive real-time alerts whenever their credit report is pulled or changes occur. This helps maintain transparency and prevents unauthorized enquiries.
Free Credit Report Access for Customers
Under the new rules, every borrower can download one free full credit report per year from each bureau. This includes your score, all loan accounts, repayment history and outstanding balances. The process is now simplified with a clear “free access” option, making it easier to track errors and fix issues quickly.
Why These Rules Matter for Borrowers
The biggest advantage of the new system is speed. Earlier, updating a loan closure or correcting an entry could take months. Now, improvements are reflected within 15 days. This helps borrowers applying for loans, credit cards or EMIs, as a higher score can lead to faster approvals and lower interest rates. Faster updates also reduce the chances of outdated or wrong information affecting your creditworthiness.
How to Improve Your Credit Score in 15 Days
You can take several quick actions to boost your score rapidly. Start by clearing pending credit card dues or unpaid EMIs immediately. Reducing your credit utilisation ratio to below 30% helps your score rise quickly in the next reporting cycle. Check your credit report for errors and dispute incorrect entries with the bureau—these corrections now appear much faster.
Avoid Multiple Loan Applications
Applying for multiple loans or credit cards within a short period leads to hard enquiries, which negatively impact your credit score. Under the new rules, real-time alerts help you track how often your data is accessed. Avoid unnecessary enquiries while improving your score, especially during the 15-day window.
Maintain Consistent Repayment Behaviour
RBI’s new rules don’t replace the importance of disciplined repayment. Paying your EMIs on time and avoiding defaults ensures long-term score improvement. Even though the update cycle is faster, consistent positive behaviour remains the foundation of a strong credit score.
Correct Personal Details to Avoid Mismatches
Small errors such as incorrect PAN details, name spelling, or old addresses can create mismatches in your report. Ensure that your credit profile is fully updated with correct personal information. These corrections now reflect more quickly, helping prevent score drops due to technical issues.
Benefits for First-Time Borrowers
The new guidelines prevent lenders from rejecting first-time loan applicants solely due to “no credit history.” Borrowers with no score must now be assessed through alternative indicators, increasing loan access and financial inclusion for new credit users.
Conclusion: RBI’s updated credit score rules aim to make the system faster, more accurate and borrower-friendly. With smarter reporting, quicker updates and transparent alerts, individuals can improve their scores much more efficiently. By reducing credit usage, paying dues on time and fixing report errors, you can start seeing score improvements in as little as 15 days.
Disclaimer: Credit score improvement depends on financial behaviour. While new RBI rules speed up the process, long-term discipline is essential for maintaining a strong credit profile.
