Bank Jobs Now Require a Good CIBIL Score: See How to Keep it in Shape

New Delhi :

In a notable change in the landscape of bank job requirements, a healthy Credit Information Bureau (CIBIL) score is now becoming a pivotal criterion for aspiring candidates.

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The Institute of Banking Personnel Selection (IBPS), responsible for recruiting in banks (excluding SBI),

has made it mandatory for job seekers to maintain a minimum CIBIL score of 650 or more to be eligible for bank jobs.

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Impact on Employability and Loan Eligibility

Dual Advantage

This new requirement not only enhances your chances of securing a bank job but also facilitates smoother loan approvals, emphasizing the significance of a good credit score.

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Employment Hurdles

Failure to maintain a satisfactory CIBIL score can significantly diminish your prospects of landing a job in the banking sector.

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Strategies to Improve Your CIBIL Score

Timely Bill Payments

Ensure all your credit card bills are paid promptly to avoid penalties, interest, and late fees. Timely payments contribute to a positive credit history.


Prudent Credit Card Usage

Exercise caution when offered the opportunity to increase your credit card limit. Exceeding your credit limit raises your credit utilization ratio, potentially leading to a lower credit score.


Loan Settlement Awareness

Understand the distinction between ‘loan settlement’ and ‘loan closure.’ Settlement arises when an agreement is reached with the bank due to an inability to repay the loan on time, negatively impacting your credit history and CIBIL score.

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Responsible Credit Card Usage

Responsible use of credit cards, including timely payments, can positively influence your CIBIL score and credit history.


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