Can Banks Really Lock Your Phone for Missing EMI? RBI Says Yes!

Indian professional with locked smartphone EMI default concern

You might be wondering about those reports flooding social media about the Reserve Bank of India allowing banks to remotely lock your smartphone if you default on EMI payments. Let’s break down what’s actually happening and what it means for everyday Indians like us. Picture this: Rahul, a 28 year old working professional from Pune, … Read more