New CIBIL reporting frequencies of various banks from Jan 2025

[SSV]

Guys,
We already know that the new norms of cibil reporting comes into place w.e.f 1 Jan 2025.
As per the new rules ,the banks and other financial institutions should report outstanding balances of loans and credit card accounts atleast every fortnight. In this regard some banks adopted fortnightly and some adopted weekly reporting.
Let's collate the list of various banks with their frequency of reporting here in this thread..
The following is the list of Banks with their respective frequency and reporting dates in a month:
We will add more banks to this list as and when the information is available...

Weekly ( Four times, a month)

1. HDFC
   • 7th
   • 15th
   • 22nd
   • 30/31st ( ie month end)

Fortnightly ( Two times, a month )

1. Amex
   • statement date
   • statement date +15 days
2. Axis
   • 15th
   • 30/31st (month end)
3. BOB Cards
   • 15th
   • 30/31st ( month end)
4. YES Bank
   • 15th
   • 30/31st (month end)
5. SBM Bank
   • 15th
   • 30/31st (month end)

 

[CyberPsych]

So, now it becomes tedious to keep zero balance on reporting date to boost CIBIL score

 

[Credit_Cards]

Yes noticed same, ICICI have reported for December on statement generation date of cards but it was visible on cibil today only.

Bob has also reported my eterna, date of reporting 31/12/2024, but it was visible today.

IDFC has also reported for December on 31/12/2024, but showed up on cibil today.

Lets wait and watch till Feb mid reporting and updation both shall be normalized by then

 

[S9100]

So, now it becomes tedious to keep zero balance on reporting date to boost CIBIL score

Keeping 0 balance is not ideal anyways. Right? 10-20% usage is ideal.
Not worth the effort for most now.

 

[lightwaves]

Guys,
We already know that the new norms of cibil reporting comes into place w.e.f 1 Jan 2025.
As per the new rules ,the banks and other financial institutions should report outstanding balances of loans and credit card accounts atleast every fortnight. In this regard some banks adopted fortnightly and some adopted weekly reporting.
Let's collate the list of various banks with their frequency of reporting here in this thread..
The following is the list of Banks with their respective frequency and reporting dates in a month:

Weekly ( Four times in a month)

1. HDFC
   • 7th
   • 15th
   • 22nd
   • 30/31st ( ie month end)

Fortnightly ( Two times in a month )

1. Amex
   • statement date
   • statement date +15 days
2. Axis
   • 15th
   • 30/31st (ie. month end)

What is SBI’s reporting pattern?

I see random reporting dates and the balance amount is also not of the reported date. My score is affected because of SBI being SBI.

 

[SSV]

What is SBI’s reporting pattern?

I see random reporting dates and the balance amount is also not of the reported date. My score is affected because of SBI being SBI.

some weird , re[porting date + 3 or 4 says something like that..
everything will be fixed by next month.. all these weird banks doing weird thing will come to stop by this RBI's order.. there will be some sort of uniformity very soon..

 

[lightwaves]

some weird , re[porting date + 3 or 4 says something like that..
everything will be fixed by next month.. all these weird banks doing weird thing will come to stop by this RBI's order.. there will be some sort of uniformity very soon..

I hope so!

 

[CyberPsych]

Keeping 0 balance is not ideal anyways. Right? 10-20% usage is ideal.
Not worth the effort for most now.

Yes not ideal, previously when we keep zero or negative balance during CIBIL reporting, our scores will boost. It was tested by some people here and there are threads about it. Even CIBIL app score simulator shows my score will boose by 9-11 points if I clear outstanding on all my active cards. (My current score is 790)

 

[S9100]

some weird , re[porting date + 3 or 4 says something like that..
everything will be fixed by next month.. all these weird banks doing weird thing will come to stop by this RBI's order.. there will be some sort of uniformity very soon..

If they were doing it properly, monthly cycles were enough. Fortnightly is now need of the hour just to make sure bank systems work properly.

 

[S9100]

Yes not ideal, previously when we keep zero or negative balance during CIBIL reporting, our scores will boost. It was tested by some people here and there are threads about it. Even CIBIL app score simulator shows my score will boose by 9-11 points if I clear outstanding on all my active cards. (My current score is 790)

But it goes up by 10points in aggregate, its not incremental. It will not increase by 10 points every month. Right?
So, you have to decide if worth the effort.

 

[CyberPsych]

But it goes up by 10points in aggregate, its not incremental. It will not increase by 10 points every month. Right?
So, you have to decide if worth the effort.

Yes, I didn't try this because I know it cannot be 10 points up everymonth

 

[S9100]

Yes, I didn't try this because I know it cannot be 10 points up everymonth

oh good to know. Same here.

I am happy with the extra interest earned by not paying before bill date. I try to pay in the weekend after the billing date.

 

[ahtsham]

For me, SBI last reported on 14/01. Same date as it used to be earlier. Bill gen date on 23.

 

[lightwaves]

For me, SBI last reported on 14/01. Same date as it used to be earlier. Bill gen date on 23.

And balance is of which date?

 

[ahtsham]

And balance is of which date?

It reported exact statement amount generated on 23 Dec for both of my cards.

 

[lightwaves]

Aha! Thanks mate

 

[ReloadFin]

Sbi woke up....
Starting this month sbi first reported as usual (due date + 3)
And then 15-01-2025 with balance as on same date (previously statment balance was reported on due+3 days).

It seems sbi going 15th and 30
Keep this in watch list till next month.

 

[SSV]

G

Sbi woke up....
Starting this month sbi first reported as usual (due date + 3)
And then 15-01-2025 with balance as on same date (previously statment balance was reported on due+3 days).

It seems sbi going 15th and 30
Keep this in watch list till next month.

Good to know... they have to and they will.
Even icici also will come and play the ball with everyone else.. no escape for anyone...

 

[SSV]

Sbi woke up....
Starting this month sbi first reported as usual (due date + 3)
And then 15-01-2025 with balance as on same date (previously statment balance was reported on due+3 days).

It seems sbi going 15th and 30
Keep this in watch list till next month.

G

Good to know... they have to and they will.
Even icici also will come and play the ball with everyone else.. no escape for anyone...

Yes, Refreshed the report just now.. SBI started reporting as per RBI rule.. my latest report also as on 15/01/2025..
My both the cards were reported as on 15/01 ..

 

[lightwaves]

Sbi woke up....
Starting this month sbi first reported as usual (due date + 3)
And then 15-01-2025 with balance as on same date (previously statment balance was reported on due+3 days).

It seems sbi going 15th and 30
Keep this in watch list till next month.

Yes just observed the same!

 

[lightwaves]

Yes just observed the same!

Also if other banks also can report the balance of the date of reporting, it would be helpful