All about STD in your CIBIL report

Here’s your comprehensive guide to understanding STD entries in your CIBIL report and how Bajaj Finserv Credit Pass can help you establish a positive credit history.
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2 min read
20 July 2023

As a responsible individual managing your finances, you are likely familiar with the significance of your credit score. Your credit score, often referred to as the CIBIL Score in India, plays a vital role in determining your creditworthiness and financial standing. One crucial aspect that can affect your credit score is the presence of "STD" in your CIBIL report. In this article, we will delve into what STD means in your CIBIL report, its impact, and how to address any errors that may occur.

Understanding STD in your CIBIL report

In your CIBIL report, "STD" stands for "Standard." You will find this term associated with your credit card and loan accounts. Essentially, it indicates that you have diligently paid your outstanding dues on time or within 90 days of the due date. This is great news for your credit score, as it reflects your responsible payment behaviour and strengthens your creditworthiness.

The DPD (Days Past Due) matrix in your CIBIL report displays a 2-dimensional table showing the status of your debts in different months and years. If you find an entry of "STD" or "000" in this matrix, it means that you have managed your payments well, and your credit score remains unaffected. However, it is crucial to stay diligent and clear your dues on time to maintain a positive credit history.

Significance of STD values in your credit report

While "STD" is a favourable entry in your credit report, any delay in payments will be reflected in the DPD matrix, impacting your overall credit score. Therefore, it is essential to prioritise timely repayments to safeguard your creditworthiness.

How to report STD errors in your CIBIL report

Keeping a close eye on your CIBIL report helps identify and rectify any errors that might negatively impact your credit score. If you encounter any STD-related errors, here is how you can get them corrected:

  • Visit the CIBIL website and fill out the online dispute resolution form with accurate details.

  • Upon submitting the form, you will receive a dispute ID/ complaint ID.

  • CIBIL will forward your request to the respective lender for necessary rectifications.

  • The lender will acknowledge the error and update your report accordingly.

The issue will be resolved within 30 days. Promptly addressing errors ensures that your credit report accurately reflects your creditworthiness, preventing any negative impacts on your credit score.

Understanding the meaning of "STD" in your CIBIL report is essential for maintaining a healthy credit score. Timely payments and responsible credit management can lead to a positive financial reputation and make it easier for you to access credit facilities when needed. Consider leveraging the powerful potential of Bajaj Finserv Credit Pass in building and improving your credit score. It provides a complete overview of all your credit accounts on one personalised dashboard, allowing you to monitor them in real time and immediately spot any errors. Enhance your creditworthiness and secure your financial health with Credit Pass by signing up today!

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Frequently asked questions (FAQs)

What does STD mean in my CIBIL report?

"STD" stands for "Standard" in your CIBIL report, indicating that you have paid your outstanding dues on time or within 90 days of the due date.

How long does the STD status remain on my CIBIL report?

The "STD" status remains on your CIBIL report as long as your credit card or loan accounts have a history of timely payments or payments within 90 days of the due date.

What is STD in banking?

In banking, "STD" usually refers to a "Savings Time Deposit," which is a type of fixed deposit account with a specific tenure and higher interest rates than regular savings accounts. However, in the context of your CIBIL report, "STD" stands for "Standard," as explained earlier.