Debt & Rights

Oct 5, 20268 min read

Can Your Bank Lock Your Phone for a Missed EMI? RBI's New Rules, Explained Simply

RBI's final recovery rules (effective Jan 1, 2027) ban banks from locking your phone for home, auto, personal or card dues. One narrow exception exists.

Oct 4, 20267 min read

Missed Your EMI? The Day-by-Day Timeline of What the Bank Does Next — and Your Rights at Every Step

Missed an EMI? The RBI timeline from Day 1 to Day 90, your rights under the live recovery rules, restructuring math, and when Lok Adalat helps — explained.

Oct 3, 20268 min read

Bank Fraud? RBI Zero-Liability Rule That Protects Your Money

A Pune man lost ₹38.04 lakh to a SIM-swap fraud; the Bombay HC made the bank pay. RBI's zero-liability rule: the 3-day window, your refund rights, and 1930.

Oct 2, 20269 min read

Your Bank May Accept ₹70,000 to Close Your ₹1 Lakh Loan — But Your Credit Report Will Call It "Settled" for Up to 7 Years

RBI's 2026 rules ban prepayment charges on floating-rate loans. Prepayment vs settlement: interest saved, "Settled" vs "Closed" on CIBIL explained.

Oct 1, 202610 min read

Loan Guarantor in India: 7 Rights You Have and 5 Risks Nobody Tells You About

Signing as a loan guarantor in India? Under Section 128 your liability is co-extensive with the borrower's. Know the 5 risks and 7 rights — including 2026 court rulings — before you sign.

Sep 30, 20267 min read

CIBIL Report Error? RBI's 30-Day Rule Can Pay You ₹100 a Day

Spot a wrong entry in your credit report? Lenders get 21 days, bureaus 9 days to fix it — beyond that, RBI rules entitle you to ₹100 per day of delay. Explained.

Sep 29, 20268 min read

Debt Consolidation Loans in India: When One EMI Beats Five

Drowning in 4 EMIs plus credit card debt? How debt consolidation works in India, Sep 2026 rates, and the RBI rule that makes switching loans free.

Sep 28, 20266 min read

Bank Ignoring Your Complaint? RBI's New 2026 Rules Let You Claim Up to ₹30 Lakh — The Exact Process, Explained

RBI's revamped Ombudsman Scheme 2026 raises compensation to ₹30 lakh and shortens the filing window to 90 days. The exact process — explained simply.

Sep 27, 20268 min read

RBI's New Recovery Rules: 7 Things Agents Can't Do Anymore

RBI's new recovery rules take effect Jan 1, 2027: no calls after 7 PM, no device locking, Rs 250/hr for violations - your borrower rights, explained simply.