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New CIBIL Reporting Frequencies of Various Banks from January 2025

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SSV

SSV

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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. Statement Date and Statement Date + 15 days
    • Amex

  2. 15th and month end ( 30/31)
    • Axis
    • BOB Cards
    • Yes Bank
    • SBM Bank
    • Kotak
    • IndusInd
    • RBL
    • Indian Bank(One card)
    • Federal bank
    • AU
    • IDFC

Thrice a month ( God Knows why SBI Chose this !!)
  1. 15th , 30th and Due Date + 3 days
    • SBI
 
Last edited:
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For SBI people
SBI reports on due date+3 days
My statement date was 19th. My due date was 9th so mostly my card got reported on 12th or 13th depending on 30/31st month.

With this logic in mind
I propose to keep your statement date on 23rd which makes your due date on 12th or 13th depending on 30/31st month.
For months with 31 days : 12th + 3 days = 15th
For months with 30 days : 13th + 3 days = 16th.

Which aligns your reporting for 2 days in a month instead of 3 days in month.

Alternatively you can choose 22nd as well, I chose 23rd because there are more months with 31 days.
Exception being February month statement that is March month reportings.
This is only for those who care about SBI reporting your outstanding to CIBIL.

Assumed that days between statement generation and due date is 20 days.
 
SSV said:
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. Statement Date and Statement Date + 15 days
    • Amex

  2. 15th and month end ( 30/31)
    • Axis
    • BOB Cards
    • Yes Bank
    • SBM Bank
    • Kotak
    • IndusInd
    • RBL
    • Indian Bank(One card)
    • Federal bank
    • AU
    • IDFC

Thrice a month ( God Knows why SBI Chose this !!)
  1. 15th , 30th and Due Date + 3 days
    • SBI
Click to expand...
What about ICICI?
 
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SSV said:
Icici hasn't established a trend yet as far as u have last seen..
Just now checked bother my gemstone account and apay account were updated as on 15/03..
Guys your inputs please ??
Click to expand...
Same Apay+Gemstone are aligned to 15th and month end.

But sbi is weird
My due date is 6th and sbi started to report on 12th (instead of 9th) of each month followed by 15th then 30th.
 
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ReloadFin said:
But sbi is weird
My due date is 6th and sbi started to report on 12th (instead of 9th) of each month followed by 15th then 30th.
Click to expand...
Since feb has 28 days, due date usually is different from the usual due date. My due date usually is 9th, but for Feb statement, due date is 11th March.
Similarly check for yours.
As of today's refresh, my SBI card is reported on 15/03

I have modified my statement date to 23rd from this month onwards.
 
SSV said:
Icici hasn't established a trend yet as far as u have last seen..
Just now checked bother my gemstone account and apay account were updated as on 15/03..
Guys your inputs please ??
Click to expand...
Since this month, ICICI Bank has started reporting on the 15th and at the end of the month. I have nine ICICI Bank credit cards, and most of them were reported on March 15. Even the newly launched Times Black card was reported on March 15 and got updated in my CIBIL report by March 19—very fast!

On the other hand, HDFC Bank updates reports every seven days. They seem to have their own unique approach—getting way too serious about it! 😅
 
SSV said:
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. Statement Date and Statement Date + 15 days
    • Amex

  2. 15th and month end ( 30/31)
    • Axis
    • BOB Cards
    • Yes Bank
    • SBM Bank
    • Kotak
    • IndusInd
    • RBL
    • Indian Bank(One card)
    • Federal bank
    • AU
    • IDFC

Thrice a month ( God Knows why SBI Chose this !!)
  1. 15th , 30th and Due Date + 3 days
    • SBI
Click to expand...
I have a slight confusion or you can say query...
If banks are reporting balances on fortnightly or weekly basis, then will they ignore the balance on billing date of the card??

For e.g.

Billing date is 20th and transaction of suppose 1k was done on 18th, then what will be reported to cibil or other bureaus?
1000 or zero ?
 
SSV said:
Yrs they will ignore billing date balances if they choose weekly / fortnightly balances reporting unless you're billing date falls on those reporting dates
Click to expand...
have you tried leaving any balance amount and found it missing in report ?
 
SSV said:
No
. . Have you ??
Click to expand...
Noo, but since this fortnightly reporting system has come into force, I'm always looking after the calendar or the due date....
earlier I used to pay for all at month-end but now this system has created a lot of confusion....
no it's just a MYRIAD OF CONFUSIONS 🙄

I can't stake a 20 point fall in my credit score just coz banks have devised a new game to play with consumers.
 
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Riya said:
I have a slight confusion or you can say query...
If banks are reporting balances on fortnightly or weekly basis, then will they ignore the balance on billing date of the card??

For e.g.

Billing date is 20th and transaction of suppose 1k was done on 18th, then what will be reported to cibil or other bureaus?
1000 or zero ?
Click to expand...
Hi
I have an answer to this. I tested this personally this month. While i will have to test this once again on 31st.
Most banks with fortnightly reporting are reporting outstanding balances as on reporting date.
Means that you can repay everything on 12th or 13th and it will be reported zero on 15th (expecting settled payment). Tested with icici, axis. Yes and idfc yet to updated.

Side note: while most banks report settled outstanding balances, PNB has reported unsettled outstanding balance. I made a transaction exactly on 15th and that amount was reported though transaction settlement takes 2 days.

My hypothesis For SBI (this is just this month) - SBI reports thrice as we now know. As on due date+3 days SBI reported statement balance, but on 15th they reported zero as i had cleared everything.
It seems SBI hasn't changed the due date+3 days reporting algorithm because before this new reporting rule SBI used to report statement balance only. So SBI is reporting outstanding balances on 15th and 31st and statement balance on due date+3 days.
 
Raavan said:
Hi
I have an answer to this. I tested this personally this month. While i will have to test this once again on 31st.
Most banks with fortnightly reporting are reporting outstanding balances as on reporting date.
Means that you can repay everything on 12th or 13th and it will be reported zero on 15th (expecting settled payment). Tested with icici, axis. Yes and idfc yet to updated.

Side note: while most banks report settled outstanding balances, PNB has reported unsettled outstanding balance. I made a transaction exactly on 15th and that amount was reported though transaction settlement takes 2 days.

My hypothesis For SBI (this is just this month) - SBI reports thrice as we now know. As on due date+3 days SBI reported statement balance, but on 15th they reported zero as i had cleared everything.
It seems SBI hasn't changed the due date+3 days reporting algorithm because before this new reporting rule SBI used to report statement balance only. So SBI is reporting outstanding balances on 15th and 31st and statement balance on due date+3 days.
Click to expand...
So you had outstanding balance on billed date but it wasn't reported.
Coz in order to improve cibil, I was pre-paying every bill before due date and with this fortnightly system it's even more confusing
 
Riya said:
you had outstanding balance on billed date but it wasn't reported.
Click to expand...
Yes
Axis had 86rs ka statement balance. Icici, idfc, yes had negative balance.
Riya said:
was pre-paying every bill before due date
Click to expand...
Start prepayment on 12th or 13th AND 28th. Making sure it gets settled on 15th and 30/31st.
For HDFC you have to pre pay 4 times (no personal experience with HDFC)
For SBI you need to calculate your due date+3 days and pre pay accordingly.
 
Raavan said:
Yes
Axis had 86rs ka statement balance. Icici, idfc, yes had negative balance.

Start prepayment on 12th or 13th AND 28th. Making sure it gets settled on 15th and 30/31st.
For HDFC you have to pre pay 4 times (no personal experience with HDFC)
For SBI you need to calculate your due date+3 days and pre pay accordingly.
Click to expand...
SBI is living in totally different world altogether 🤣🤣
But I have noticed SBI reports on due date+3 date, the outstanding balance on billed date
 
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Riya said:
SBI is living in totally different world altogether 🤣🤣
But I have noticed SBI reports on due date+3 date, the outstanding balance on billed date
Click to expand...
Yes as i said
Raavan said:
As on due date+3 days SBI reported statement balance, but on 15th they reported zero
Click to expand...
Basically for calculation of SBI
1. Prepay 2 working days before statement date.
2. Prepay on 13th.
3. Prepay on 28th/29th.
 
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