<h1>RBI Requires Free Annual Credit Reports from CICs for Individuals Starting January 2017 under CIC Regulation Act 2005.</h1> The Reserve Bank of India (RBI) has mandated that starting January 1, 2017, all Credit Information Companies (CICs) must provide individuals, upon request and authentication, a Free Full Credit Report (FFCR) annually. This report, available in electronic format, includes all details accessed by credit institutions, such as credit scores. Previously, banks and financial institutions were advised to incorporate Credit Information Reports (CIRs) in their credit appraisal processes. Under the Credit Information Companies (Regulation) Act, 2005, individuals applying for credit can request a copy of their credit information from institutions for a fee not exceeding Rs. 50.