Credit scores and credit reports now update every 15 days, not monthly, under new RBI rules. Knowing the exact update dates helps you time repayments, disputes, and loan applications better, improving approval chances and interest rates.
Your credit score and credit report reflect your financial health. They provide lenders with insights into your repayment capabilities and financial status. It helps loan providers and issuers to evaluate your loan and credit applications better. Thus it is important to take certain measures and manage your credit behaviour to have a healthy credit profile. This leads to constant changes in your repayment status and outstanding dues. These must be accurately reflected in your credit report.
But, how frequently is this information updated? In India, credit scores are updated by credit bureaus like TransUnion CIBIL based on data reported by lenders. The frequency and timeliness of these updates are governed by the RBI. This ensures that accurate and up-to-date credit information is reflected in your reports. Understanding when and how updates occur can help you stay on top of your credit and make informed financial choices.
Here is how credit score updates now work and what this timing means for your financial decisions:
Previous Frequency
Credit scores were earlier updated once a month, which meant changes could take 30 to 45 days to appear.
New RBI Mandate (w.e.f. Jan 1, 2025)
New RBI rules require lenders to share credit data twice every month instead of once.
Twice-monthly Reporting Dates
Lenders must now report your loan and credit card activity on the 15th and the last day of each month.
Fortnightly Refresh Cycle
This change means your credit score and credit report can update every 15 days.
Faster Tracking of Payments
On-time EMIs, missed payments, or loan closures now reflect much faster than before.
Improved Lender Visibility
Faster updates help lenders see your recent behaviour rather than old financial history.
Strategic Financial Planning
You can plan loan or credit card applications better by tracking these fixed update dates.
If your CIBIL credit score hasn’t been updated despite recent financial activities, follow these steps to resolve the issue:
Check the Reporting Timeline
Lenders typically report credit data to TransUnion CIBIL and other credit bureaus on a monthly basis, as per RBI guidelines. Thus, it may take over 30 days for the details to reflect on your report. However, this is the case until December 31, 2024. From January 1, 2025, it will be mandatory for credit institutions to update the details on a fortnightly basis. So, it may take just up to 12 days (7 days for lenders to report and 5 days for processing by credit bureaus) for the updates to reflect. Ensure enough time has passed since your financial activity.
Verify with Your Lender
Contact your lender to confirm if they’ve submitted the updated credit information. Delays in reporting by lenders can result in your credit score not being updated promptly.
Review Your CIBIL Report
Download and review your latest CIBIL credit report to check for discrepancies. Ensure that all recent payments, closed accounts, or other activities are correctly reflected.
Raise a Dispute with CIBIL
If you spot errors or missing updates, raise a dispute directly with CIBIL via their official website. Provide necessary details like transaction dates, account numbers, and any supporting documents.
Monitor Regularly
Keep checking your credit score and report periodically to ensure updates are reflected accurately. Regular monitoring helps you identify issues early and take corrective action.
By following these steps, you can ensure that your CIBIL score remains accurate and up to date, helping you maintain a strong credit profile.
Frequently Asked Questions
Can TransUnion CIBIL update any information in the CIBIL report or make changes to the data?
TransUnion CIBIL cannot independently update or modify any information in your credit report. It simply compiles the data provided by lenders. If there’s an error, you must contact your lender to correct it. Once the lender updates the information, it will be reflected in your CIBIL report by the next reporting cycle.
What happens after I raise a dispute with CIBIL? When will the CIBIL score be updated?
After you raise a dispute, TransUnion will forward the issue to the relevant lender for verification. This process usually takes 30 days. Once the lender confirms and corrects the data, TransUnion CIBIL will update your credit report. Following this, your credit score will reflect the changes in the next update cycle.
What day of the month do credit bureaus update credit scores?
Credit bureaus now update credit scores twice a month, usually on the 15th and the last day of the month. This fixed schedule, effective since the January 1, 2025 update, helps your recent repayments or defaults appear faster than the older monthly update system.
How frequently do credit reports and credit scores update?
Credit reports and credit scores update every 15 days under current reporting rules. Under the rules implemented on January 1, 2025, lenders share data twice a month, allowing both positive actions, like timely payments, and negative ones, like missed EMIs, to reflect sooner.
How to increase a CIBIL score from 600 to 750 in 30 days?
Raising a CIBIL score from 600 to 750 in 30 days is difficult, but clearing overdue payments, lowering credit card balances, avoiding new credit applications, and fixing report errors can trigger quicker improvements during the next update cycle.
