STD in CIBIL Report

What is STD in Your CIBIL Report

Know All About STD in Your CIBIL Report

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A CIBIL report is a summary of your past credit-related behaviour. Such a report is also used to generate a three-digit CIBIL score that reflects your creditworthiness. The CIBIL score is critical when applying for credit facilities, as it helps lenders gauge the risk of granting you credit. 

 

Among the numerous entries that make up a CIBIL report, the DPD or Days Past Due provides a representation of how well you have managed to make your payments on time.

 

You must have a thorough understanding of the various constituents of the DPD matrix, such as the meaning of ‘STD’, to understand your credit report. 

STD: What It Stands for and Its Meaning

In a CIBIL form, ‘STD’ stands for ‘Standard’. This is a keyword found in credit card and loan accounts. STD means that you have paid your outstanding dues on time or within 90 days of the due date. 

 

It is essential to understand the meaning of STD to analyse your credit report. Essentially, it means you have a history of paying your dues in a timely manner. 

Format of DPD in CIBIL Report

DPD entries are displayed in the form of a 2-dimensional matrix that indicates the status of your debts in different months and years. The table is rather easy to interpret for first-time users, as it simply indicates the timeliness with which you cleared your debts for each month and year. In this matrix, an entry of ‘000’ or ‘STD’ will not impact your credit score negatively. 

 

Here’s an example of what the ‘Days Past Due’ table can look like:

 

DEC

NOV

OCT

SEP

AUG

JUL

JUN

MAY

APR

MAR

FEB

JAN

2010

             

000

025

000

000

000

2009

000

000

000

000

000

000

000

000

XXX

000

000

STD

2008

XXX

STD

STD

XXX

000

000

XXX

000

XXX

XXX

000

000

There may be other entries such as XXX in the matrix, which means that the lender has not provided the data for that period. Such an occurrence does not have an impact on your credit score.

Significance of STD Values in Your Credit Report

In a CIBIL report, ‘STD’ means that the outstanding dues have been cleared within 90 days, which is perfectly alright. However, if there is any delay in payments, the DPD reflects the delay in payment, denting your overall credit score. Therefore, it is advisable to clear your outstanding dues in time.

How to Report STD Errors in Your CIBIL Report

Keeping track of your CIBIL report helps you identify and correct any errors in it that might impact your credit score. If there are any STD-related errors in your CIBIL report, you can get them corrected by following these steps:

 

  1. Go to the CIBIL website and fill out the online dispute resolution form. Ensure you fill out all the details accurately. 

  2. Once you fill out the online resolution form, a dispute ID, also referred to as a complaint ID, gets generated against your complaint. 

  3. CIBIL forwards your request to the respective lender for amendments/corrections. 

  4. The lender acknowledges the error and updates the report. 

Note that it may take up to 30 days for the issue to be resolved. It is recommended that you keep a close eye on your CIBIL report and its various components to address any errors or discrepancies promptly. If such mistakes go unnoticed, they may impact your credit score even if you have made timely payments. 

Conclusion

Understanding the meaning of ‘STD’ in your CIBIL report helps you ensure that all the fields are populated accurately so that your credit score does not get affected. If you want to understand the meaning of ‘STD’ in Hindi, you can visit the Hindi version of the CIBIL website.