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Request to Update the Credit Bureau After Closure

At a glance

Price
₹99 · GST included
Stamp duty
No stamp duty: not an instrument under s.2(14), Indian Stamp Act, 1899.
Registration
Not registrable under s.17, Registration Act, 1908.
Witnesses
Not required; the sender signs it.

₹99

GST included

Launch period: downloads are free for now. The prices shown apply once payments open.

Guided questions, full draft on screen, download in Word.

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Also called

  • CIBIL closure update request
  • credit report loan correction

Whether you can fill this in here

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You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

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Why you need it

When you need it

For when a closed loan still shows open, or with a wrong balance/status/date/duplicate, on your credit report — tied to the lender's closure evidence and the bureau report. S.21(3), CICRA 2005 gives a 30-day resolution period; RBI's 26 October 2023 framework pays Rs 100/day beyond that. Doesn't delete a Punjab authority or Chandigarh Estate Office charge — that stays separate. States the current entry and replacement wanted.

See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

No stamp duty: not an instrument under s.2(14), Indian Stamp Act, 1899.

Registration

Not registrable under s.17, Registration Act, 1908.

Notarisation

Not required unless the receiving office wants a sworn affidavit.

Witnesses

Not required; the sender signs it.

Talk to a lawyer about this document₹3,539 including GST (₹2,999 + 18% GST), per documentRequest Stamp Paper

Sample preview — placeholder answers, not your data

REQUEST TO UPDATE THE CREDIT BUREAU AFTER CLOSURE

Request date: 2 April 2026

To ABC Bank Ltd, Sector 17, Chandigarh. Borrower: Aarav Sharma, Sector 21, Panchkula. Loan: Home loan ending 1188. Property: Apartment 804, ABC Heights, SAS Nagar, Punjab; Apartment 804, Tower B; deed no. 2345.. Regime: Punjab freehold/revenue-record property.

Loan closed: 1 April 2026. Closure evidence: X. Credit information company: X. Error: Closed loan still reported as open. Current entry: Account active; balance 6200000.. Correction requested: Closed on 05 August 2026; balance zero..

LEGAL BASIS

Punjab: Section 21(3) of the Credit Information Companies (Regulation) Act, 2005 provides the correction mechanism and 30-day overall period; RBI's 26 October 2023 direction under section 11(1) provides Rs 100 per day for qualifying delay beyond 30 days. The lender or CIC handles the correction; no Punjab property office decides the bureau entry.

Questions about this document

Does the Request to Update the Credit Bureau After Closure need stamp paper or stamp duty in Punjab and Chandigarh?

No stamp duty: not an instrument under s.2(14), Indian Stamp Act, 1899.

Does the Request to Update the Credit Bureau After Closure need registration in Punjab and Chandigarh?

Not registrable under s.17, Registration Act, 1908.

What does the Request to Update the Credit Bureau After Closure cost on Kaagazaat?

₹99, GST included.

Launch period: downloads are free for now. The prices shown apply once payments open.

Does the Request to Update the Credit Bureau After Closure need witnesses?

Not required; the sender signs it.

Often needed with this document

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