Times of India

Smartphone to be locked for missed EMI? RBI’s new rules explained

Smartphone to be locked for missed EMI? RBI’s new rules explainedWorldPing

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.

This is a short WorldPing brief. The full report was published by Times of India.

Read the full report at Times of India

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