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When can lenders lock your phone for missing an EMI?
short by Anmol Sharma / on Friday, 7 August, 2026
RBI has issued rules on when lenders can restrict phones, tablets and laptops bought on loan. Restrictions can begin after payments remain overdue for 30 days, while a full lock is allowed after 60 days. Even then, incoming calls, SMS, emergency services and work-related features must remain available. Lenders must restore access within an hour after dues are fully cleared.
read more at The Print