CIBIL-To explore ePayments option.
CIBIL has introduced a new scheme, to enable Individual’s to access their Credit History.
As on date, only CIBIL is the player (Individuals Category) in the Credit Information Business.
Reserve Bank of India 17/04/2009 , has granted In-Principle Approval for 4 more companies.
The Press Release can be accessed at
The process to Order your Individual Credit Rating through CIBIL, can be accessed at
The fee charged by CIBI is Rs142/-. In my opinion, the fee is reasonable.
But, CIBIL insists only a Demand Draft for the fees. There is no other mode of Payment.
In this era of multiple payment options, this seems a bit strange. However, CIBIL is not a regular Merchant, so it will not be interested in multiple payment options
Nevertheless, CIBIL should explore the ePayments Option. The fees can be remitted through NEFT, to CIBIL Bank Account, and on receipt of the Documents along with NEFT Payment Proof, the request can be processed.
As it is CIBIL will process the request, only on receipt of the Address/Identity Proof. So, there will be no loss, in case the fee is not received through NEFT.
CIBIL-Introduce ePayments Fee Option.
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