Cibil Score Myths Debunked: Does Frequent Checking Lower Your Score?

• Checking your Cibil score yourself (soft inquiry) multiple times does not lower it; it's safe and encouraged.
• Banks checking your score for loan applications (hard inquiry) can negatively impact it, especially if done frequently.
• RBI's new rules from January 1, 2025, mandate banks to update credit information every 15 days, speeding up score reflection.
• Multiple loan applications in a short period will have a greater negative impact on your Cibil score.
• Maintain a score above 750 by paying bills on time, applying for loans only when necessary, and monitoring regularly through official channels.