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..


Weekly

1. HDFC

Fortnightly

1. Amex
2. Axis (tentative)

 

[TrueColours]

HDFC: 07/12, 15/12, 22/12, ...

 

[SSV]

HDFC: 07/12, 15/12, 22/12, ...

So, it is weekly for HDFC --> Locked -in ..

 

[Credit_Cards]

Is this 15 days reporting for CC only or all loans as well ?

 

[SSV]

Is this 15 days reporting for CC only or all loans as well ?

I beleive it is for all account types.. so it includes Loans as well..

 

[SSV]

Are you sure HDFC is reporting Weekly? I see last reported date as 15th of this month..And before that mostly 30th of last month. Confirm please.

Mine was last updated on 30/11/2024 only Monthly for axis

Same pinch it's happening fortnightly
Same thing is happening to me
Looks like hdfc is selectively sending or else it's in testing phase

HDFC reported my latest balances as on 22/12 , so with this, they had laready reported 4 times this month:
ie. 01/12, 08/12, 15/12 and 22/12..
and my score is back to 800 as all my account balances are either 0 / -ve..

So, HDFC for sure is reporting on weekly basis..
May be it is implemeting this in a staggered way.. so expect everyone's will be reported on weekly basis..

 

[amitagl27]

Here is the last reported dates for all my credit cards (~issuing banks).
AMEX is reporting for each card, I guess. Since for each AMEX card the date is different.



I'll update this table again next month around 5th Jan and then 5th Feb. By Feb, It should lock most of the banks in our original thread.

And also, it seems banks do not report the dormant/non-transactional accounts (e.g. HSBC, Union Bank) even if they are active.
@Trust Me @HumorSimpson

 

[SSV]

Here is the last reported dates for all my credit cards (~issuing banks).
AMEX is reporting for each card, I guess. Since for each AMEX card the date is different.

View attachment 78404

I'll update this table again next month around 5th Jan and then 5th Feb. By Feb, It should lock most of the banks in our original thread.

And also, it seems banks do not report the dormant/non-transactional accounts (e.g. HSBC, Union Bank) even if they are active.
@Trust Me @HumorSimpson

AMex clearly mentioned that our accounts will be reported two times a month
1) as on billng date and
2) billing date + 15.

it will be applicable to the each amex card we own seperately..

Post in thread 'Amex India to Report Credit Card Data to Credit Bureaus Every 14 Days'

Dec 2, 2024

So, for Amex CIBIL reporting will be twice every month:

1) Billing Cycle date
2) Billing Cycle Date + 15 days

For example:

My current Amex billing cycle date is: 2nd of every month
and hence Amex reports balances twice per month like below:

1) 2nd of every month
2) 17th of every month..

Good initiative...

• SSV

• 
• 

 

[gunik1123]

HSBC its 15 December

 

[Credit_Cards]

Here is the last reported dates for all my credit cards (~issuing banks).
AMEX is reporting for each card, I guess. Since for each AMEX card the date is different.

View attachment 78404

I'll update this table again next month around 5th Jan and then 5th Feb. By Feb, It should lock most of the banks in our original thread.

And also, it seems banks do not report the dormant/non-transactional accounts (e.g. HSBC, Union Bank) even if they are active.
@Trust Me @HumorSimpson

Bank will report only first time when bill amount goes to 0 post that they will not report until there is some balance in the statement.

 

[TrueColours]

HDFC: 07/12, 15/12, 22/12, ...

HDFC: 07/12, 15/12, 22/12, 31/12

 

[TrueColours]

Axis : Fortnightly

Axis: 15/11, 30/11, 15/12, ..

 

[Nishan11]

For my cards, Axis reported on statement date, that's 15th Dec & 18th Dec for me, but it was visible today on CIBIL.

ICICI has only reported for one of my card on statement date on 12th December, not reported other cards yet. Last updated on 30th Nov.

SBI reported on 28th Dec.

PNB reported on 20th Dec.

HDFC reported on 22nd Dec.

BOB, IDFC, Kotak last updated on 30th Nov.

 

[TrueColours]

RBL Bank : Fortnightly ... 15/12, 31/12

 

[Nishan11]

For my cards, Axis reported on statement date, that's 15th Dec & 18th Dec for me, but it was visible today on CIBIL.

ICICI has only reported for one of my card on statement date on 12th December, not reported other cards yet. Last updated on 30th Nov.

SBI reported on 28th Dec.

PNB reported on 20th Dec.

HDFC reported on 22nd Dec.

BOB, IDFC, Kotak last updated on 30th Nov.

HDFC cibil reporting in December 2024 for my card :-

7/12->15/12->22/12->31/12

 

[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..


Weekly

1. HDFC

Fortnightly

1. Amex
2. Axis (tentative)

Earlier Axis used to report at month end. This time also they reported on month end but the date in CIBIL report shows 15/12/2024. What can be inferred from this?

 

[Credit_Cards]

Earlier Axis used to report at month end. This time also they reported on month end but the date in CIBIL report shows 15/12/2024. What can be inferred from this?

For me axis CC last report date is 15th Dec and the balance is also from 15th, they are updating on 15th and Month end now.
@SSV please correct if I am wrong

 

[lightwaves]

I also

For me axis CC last report date is 15th Dec and the balance is also from 15th, they are updating on 15th and Month end now.
@SSV please correct if I am wrong

I also observed same thing. But why it doesn’t show up on or after 15th and only visible early this month?

When can we expect them to update for month end?

 

[Nishan11]

I also

I also observed same thing. But why it doesn’t show up on or after 15th and only visible early this month?

When can we expect them to update for month end?

By 15th Jan it will be visible looking at the trend 😄

 

[lightwaves]

By 15th Jan it will be visible looking at the trend 😄

That’s my understanding as well. Let’s see in 10 days!

 

[SSV]

Earlier Axis used to report at month end. This time also they reported on month end but the date in CIBIL report shows 15/12/2024. What can be inferred from this?

For me axis CC last report date is 15th Dec and the balance is also from 15th, they are updating on 15th and Month end now.
@SSV please correct if I am wrong

It seems axis decided to update the balances as on 31st and 15th of every month..let’s wait for some more time for confirmation