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RBI plans rules to restrict phone blocking after EMI default
NewsBytes | May 21, 2026 2:39 PM CST

Banks pay ₹250 for mistaken blocks

If your phone gets blocked by mistake, the bank will owe you ₹250 for every hour it's locked.
Recovery agents can't call during sensitive times like weddings or funerals, and all their calls must be recorded and kept for six months.
Plus, banks have to tell you which agency is contacting you and make sure agents are properly certified, so things stay transparent and respectful.


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