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IDFC Card Closure Updated in CIBIL After 11 Months

Chhota Bheem

TF Premier
My IDFC First Credit Card was closed in Jan 2023 but updated in CIBIL after Jan 2024.

So, I checked my credit report on CIBIL website. I observed that IDFC First Bank has marked this account as closed in Jan 2024 and sent me a communication through email that the card closure request has been updated in CIBIL records.

Please advice whether Bank has to pay a penalty if the card account is not closed and updated in CIBIL with in 45 days.?
 
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I read on this forum that a Bank has to pay certain penalty if the card account is not closed and updated in CIBIL with in 45 days.

My IDFC First Credit Card was closed in Jan 2023 but updated in CIBIL after Jan 2024.

So, I checked my credit report on CIBIL website. I observed that IDFC First Bank has marked this account as closed in Jan 2024 and sent me a communication through email that the card closure request has been updated in CIBIL records.

Please advice is this a valid case to file complaint against the Bank with RBI Ombudsman?
First try raising dispute via cibil.com , if they say reach out to idfc bank then can ask them via twitter. If they deny to help then approach RBI. Its not correct to directly approach rbi directly. Cibil disputes works fine try once.
 
First try raising dispute via cibil.com , if they say reach out to idfc bank then can ask them via twitter. If they deny to help then approach RBI. Its not correct to directly approach rbi directly. Cibil disputes works fine try once.

CIBIL disputes work well and you even get compensation sometimes. So try Disputing on CIBIL first and wait for sometime (say 15-20 days). Else you can approach RBI Ombudsman.

My CIBIL accounts has been resolved by CIBIL Dispute only (Axis, Unionbank)
What is the impact of this delayed reporting on my credit score, is it significant?
 
My IDFC First Credit Card was closed in Jan 2023 but updated in CIBIL after Jan 2024.

So, I checked my credit report on CIBIL website. I observed that IDFC First Bank has marked this account as closed in Jan 2024 and sent me a communication through email that the card closure request has been updated in CIBIL records.

Please advice whether Bank has to pay a penalty if the card account is not closed and updated in CIBIL with in 45 days.?
Not surprised considering they are also the slowest to report a new card to CIBIL. Last year, they added my new Classic card to CIBIL three months after getting the card!

Anyway, I closed this card last week, so will have to check when they actually report it to CIBIL.
 
I mailed IDFC First credit card team, they asked for complete CIBIL report to investigate the matter.

However, they quietly updated the the CIBIL and sent me a confirmation message.
 
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