# RBI Allows Gradual Device Restrictions, Delays Recovery Rules To 2027 2026-08-07T08:42:06+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet The Reserve Bank of India has deferred its revised loan recovery rules to January 1, 2027, from October 1, 2026, after industry feedback. The framework allows lenders to impose gradual restrictions on EMI-financed phones, tablets and laptops. No restriction is permitted until a loan is at least 30 days overdue and formal notice is served. Graded curbs may follow between 30 and 60 days, but outgoing calls must continue. Full restrictions are allowed only after 60 days. Incoming calls, SMS and emergency SOS functions cannot be blocked. Lenders must not stop work-related use, access personal data or use uncertified locking software. Devices must be unlocked within an hour of payment, with compensation of Rs 250 per hour for delays, capped at the loan amount. Recovery calls must be recorded, agents trained and borrower information limited to recovery needs. RBI has dropped mandatory website publication of individual agents’ personal details. ## Coverage - timesofindia.indiatimes.com - timesnownews.com Tags: consumer protection, Digital lending, EMI defaults, RBI Canonical: https://indianopinion.org/rbi-allows-gradual-locking-of-emi-financed-devices-after-defaults/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/rbi-allows-gradual-locking-of-emi-financed-devices-after-defaults/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.