Smartphone to be locked for missed EMI? RBI’s new rules explained
Global - Asia
Archived
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August 15, 2026
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The Reserve Bank of India (RBI) has laid out some guidelines for lenders on recovery of loans, and whether they can block or lock the device that has been purchased via EMI financing. This new framework will come into effect from January 1, 2027.
Source: Times of India | https://timesofindia.indiatimes.com/rssfeedstopstories.cms - Read Original
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