{"id":13929,"date":"2024-07-18T14:33:00","date_gmt":"2024-07-18T09:03:00","guid":{"rendered":"https:\/\/fly.finance\/blog\/?post_type=web-story&#038;p=13929"},"modified":"2024-07-18T14:33:01","modified_gmt":"2024-07-18T09:03:01","slug":"rbi-guidelines-for-education-loan-recovery","status":"publish","type":"web-story","link":"https:\/\/fly.finance\/blog\/web-stories\/rbi-guidelines-for-education-loan-recovery\/","title":{"rendered":"RBI Guidelines for Education Loan Recovery"},"content":{"rendered":"<p><html amp=\"\" lang=\"en\"><head><meta charSet=\"utf-8\"\/><meta name=\"viewport\" content=\"width=device-width,minimum-scale=1,initial-scale=1\"\/><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0.js\"><\/script><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0\/amp-story-1.0.js\" custom-element=\"amp-story\"><\/script><link href=\"https:\/\/fonts.googleapis.com\/css2?display=swap&amp;family=Poppins%3Awght%40400%3B700\" rel=\"stylesheet\"\/><link 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publisher-logo-src=\"https:\/\/flyblog.fly.finance\/uploads\/2023\/03\/cropped-WhatsApp-Image-2023-03-10-at-14.38.51-1.jpeg\" title=\"RBI Guidelines for Education Loan Recovery\" poster-portrait-src=\"https:\/\/flyblog.fly.finance\/uploads\/2024\/06\/cropped-RBI-Guidelines-for-Education-Loan-Recovery.webp\"><amp-story-page id=\"74974c3a-34bd-4dc3-9119-6f5bee955010\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#262640\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-cf24a143-5180-45bc-ab66-fd078083a101\">\n<div style=\"position:absolute;width:266.63907%;height:100%;left:-83.31954%;top:0%\" data-leaf-element=\"true\"><amp-img 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style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.8743169398907102% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.517799em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span><span style=\"font-weight: 700; color: #fff\">RBI Guidelines for Education Loan Recovery<\/span><\/span><\/h1>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:60.43689%;top:-1.94175%;width:33.00971%;height:9.70874%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-84f2f553-42a5-489f-b22e-6b466a8f8987\">\n<div style=\"position:absolute;width:100%;height:102.42952%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/02\/12132639\/fly-finance-1-3-1.png\" alt=\"fly finance 1 (3)\" srcSet=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/02\/12132639\/fly-finance-1-3-1.png 343w,https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/02\/12132639\/fly-finance-1-3-1-300x136.png 300w,https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/02\/12132639\/fly-finance-1-3-1-150x68.png 150w\" sizes=\"(min-width: 1024px) 15vh, 33vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"0fc19cfe-9b22-4c93-adbe-f19cc54a3b77\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-cb243d8b-b2fc-4506-819f-752374a40122\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script 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src=\"https:\/\/images.unsplash.com\/photo-1553729459-efe14ef6055d?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHw1fHxsb2FufGVufDB8fHx8MTcyMTI4MTk1NXww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=5616&amp;h=3744&amp;fit=max\" alt=\"fan of 100 U.S. dollar banknotes\" srcSet=\"https:\/\/images.unsplash.com\/photo-1553729459-efe14ef6055d?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHw1fHxsb2FufGVufDB8fHx8MTcyMTI4MTk1NXww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=5616&amp;h=3744&amp;fit=max 5616w,https:\/\/images.unsplash.com\/photo-1553729459-efe14ef6055d?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHw1fHxsb2FufGVufDB8fHx8MTcyMTI4MTk1NXww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=4492&amp;h=2995&amp;fit=max 4492w,https:\/\/images.unsplash.com\/photo-1553729459-efe14ef6055d?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHw1fHxsb2FufGVufDB8fHx8MTcyMTI4MTk1NXww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=3369&amp;h=2246&amp;fit=max 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style=\"position:absolute;pointer-events:none;left:-0.48544%;top:73.78641%;width:102.6699%;height:19.09385%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-5a424826-6cd6-4954-a3c4-42470e90d861\">\n<div class=\"fill\" style=\"background-color:rgba(0,0,0,0.5);will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:60.43689%;top:-1.94175%;width:33.00971%;height:9.70874%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-018e47a9-870d-4613-9cb4-ba6e079e064f\">\n<div style=\"position:absolute;width:100%;height:102.42952%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/02\/12132639\/fly-finance-1-3-1.png\" alt=\"fly finance 1 (3)\" srcSet=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/02\/12132639\/fly-finance-1-3-1.png 343w,https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/02\/12132639\/fly-finance-1-3-1-300x136.png 300w,https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/02\/12132639\/fly-finance-1-3-1-150x68.png 150w\" sizes=\"(min-width: 1024px) 15vh, 33vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:7.03883%;top:74.91909%;width:87.86408%;height:16.99029%;opacity:1\">\n<div id=\"anim-cb243d8b-b2fc-4506-819f-752374a40122\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-f9cb0485-6efe-4aac-bb6d-bdbf0b07d00d\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(105.80111%, 0px, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5524861878453038% 0.5524861878453038% 0.5524861878453038% 0.5524861878453038% \/ 1.9047619047619049% 1.9047619047619049% 1.9047619047619049% 1.9047619047619049%\" id=\"el-c1922a06-7647-4493-bfae-ab7d8d2dcc61\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.580110497237569% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.339806em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span><span style=\"color: #fff\">When a borrower defaults on repayment, the bank or NBFC must send them a Notice of Default. &nbsp;<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"52696eaf-482f-4ba9-8e36-561000656962\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script 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style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-e6958bdb-758c-47e4-a189-1dfe7294548b\">\n<div style=\"position:absolute;width:266.66667%;height:100%;left:-83.33334%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/images.unsplash.com\/photo-1494887205043-c5f291293cf6?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHw1fHxsZW5kZXJzfGVufDB8fHx8MTcyMTI5MTkxNnww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=2496&amp;h=1664&amp;fit=max\" alt=\"1 US dollar banknote close-up photography\" srcSet=\"https:\/\/images.unsplash.com\/photo-1494887205043-c5f291293cf6?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHw1fHxsZW5kZXJzfGVufDB8fHx8MTcyMTI5MTkxNnww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=2496&amp;h=1664&amp;fit=max 2496w,https:\/\/images.unsplash.com\/photo-1494887205043-c5f291293cf6?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHw1fHxsZW5kZXJzfGVufDB8fHx8MTcyMTI5MTkxNnww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=1996&amp;h=1331&amp;fit=max 1996w,https:\/\/images.unsplash.com\/photo-1494887205043-c5f291293cf6?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHw1fHxsZW5kZXJzfGVufDB8fHx8MTcyMTI5MTkxNnww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=1497&amp;h=998&amp;fit=max 1497w,https:\/\/images.unsplash.com\/photo-1494887205043-c5f291293cf6?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHw1fHxsZW5kZXJzfGVufDB8fHx8MTcyMTI5MTkxNnww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=998&amp;h=665&amp;fit=max 998w,https:\/\/images.unsplash.com\/photo-1494887205043-c5f291293cf6?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHw1fHxsZW5kZXJzfGVufDB8fHx8MTcyMTI5MTkxNnww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=499&amp;h=333&amp;fit=max 499w,https:\/\/images.unsplash.com\/photo-1494887205043-c5f291293cf6?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHw1fHxsZW5kZXJzfGVufDB8fHx8MTcyMTI5MTkxNnww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=340&amp;h=227&amp;fit=max 340w\" sizes=\"(min-width: 1024px) 120vh, 267vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-0.48544%;top:73.78641%;width:102.6699%;height:19.09385%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-189c3e77-e8af-4415-b65c-2eef8b085e14\">\n<div class=\"fill\" style=\"background-color:rgba(0,0,0,0.5);will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:60.43689%;top:-1.94175%;width:33.00971%;height:9.70874%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-19c68dbe-ff03-4ee9-ad69-cefab07c98a4\">\n<div style=\"position:absolute;width:100%;height:102.42952%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/02\/12132639\/fly-finance-1-3-1.png\" alt=\"fly finance 1 (3)\" srcSet=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/02\/12132639\/fly-finance-1-3-1.png 343w,https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/02\/12132639\/fly-finance-1-3-1-300x136.png 300w,https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/02\/12132639\/fly-finance-1-3-1-150x68.png 150w\" sizes=\"(min-width: 1024px) 15vh, 33vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:7.03883%;top:76.53722%;width:87.86408%;height:12.78317%;opacity:1\">\n<div id=\"anim-84efcc0d-e017-47f1-bcc6-bc6f2dacb7bd\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-13e413a5-85f6-4c7d-a924-1f6435eb1dfa\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(105.80111%, 0px, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5524861878453038% 0.5524861878453038% 0.5524861878453038% 0.5524861878453038% \/ 2.5316455696202533% 2.5316455696202533% 2.5316455696202533% 2.5316455696202533%\" id=\"el-c20cdf54-14cc-42e1-b335-7ba766af58b8\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.580110497237569% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.339806em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span><span style=\"color: #fff\">For transparency and fairness, lenders must adhere to the Fair Practices Code.<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"29901172-01bc-461a-8b2c-fd41d1f2cd65\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-b4351162-724d-4386-98de-6b61c0dbdbec\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-c07a6e18-3884-44cc-8490-fe68c9f49add\",\"keyframes\":{\"transform\":[\"translate3d(105.80111%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#c0d9f3\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-17225757-2a6a-4140-9883-f99cbf0a138c\">\n<div style=\"position:absolute;width:266.40714%;height:100%;left:-83.20357%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/images.unsplash.com\/photo-1633158829585-23ba8f7c8caf?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwyNHx8bG9hbnxlbnwwfHx8fDE3MjEyODE5Njl8MA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=4106&amp;h=2740&amp;fit=max\" alt=\"a person stacking coins on top of a table\" srcSet=\"https:\/\/images.unsplash.com\/photo-1633158829585-23ba8f7c8caf?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwyNHx8bG9hbnxlbnwwfHx8fDE3MjEyODE5Njl8MA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=4106&amp;h=2740&amp;fit=max 4106w,https:\/\/images.unsplash.com\/photo-1633158829585-23ba8f7c8caf?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwyNHx8bG9hbnxlbnwwfHx8fDE3MjEyODE5Njl8MA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=3284&amp;h=2191&amp;fit=max 3284w,https:\/\/images.unsplash.com\/photo-1633158829585-23ba8f7c8caf?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwyNHx8bG9hbnxlbnwwfHx8fDE3MjEyODE5Njl8MA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=2463&amp;h=1644&amp;fit=max 2463w,https:\/\/images.unsplash.com\/photo-1633158829585-23ba8f7c8caf?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwyNHx8bG9hbnxlbnwwfHx8fDE3MjEyODE5Njl8MA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=1642&amp;h=1096&amp;fit=max 1642w,https:\/\/images.unsplash.com\/photo-1633158829585-23ba8f7c8caf?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwyNHx8bG9hbnxlbnwwfHx8fDE3MjEyODE5Njl8MA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=821&amp;h=548&amp;fit=max 821w,https:\/\/images.unsplash.com\/photo-1633158829585-23ba8f7c8caf?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwyNHx8bG9hbnxlbnwwfHx8fDE3MjEyODE5Njl8MA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=340&amp;h=227&amp;fit=max 340w\" sizes=\"(min-width: 1024px) 120vh, 267vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-0.48544%;top:73.78641%;width:102.6699%;height:22.97735%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-3b3f6aaf-ede8-430f-886f-ca2d8c2c6417\">\n<div class=\"fill\" style=\"background-color:rgba(0,0,0,0.5);will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:60.43689%;top:-1.94175%;width:33.00971%;height:9.70874%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-f65c5869-f559-4630-bcd3-99f84a627dcf\">\n<div style=\"position:absolute;width:100%;height:102.42952%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/02\/12132639\/fly-finance-1-3-1.png\" alt=\"fly finance 1 (3)\" srcSet=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/02\/12132639\/fly-finance-1-3-1.png 343w,https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/02\/12132639\/fly-finance-1-3-1-300x136.png 300w,https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/02\/12132639\/fly-finance-1-3-1-150x68.png 150w\" sizes=\"(min-width: 1024px) 15vh, 33vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:7.03883%;top:78.15534%;width:87.86408%;height:12.78317%;opacity:1\">\n<div id=\"anim-b4351162-724d-4386-98de-6b61c0dbdbec\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-c07a6e18-3884-44cc-8490-fe68c9f49add\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(105.80111%, 0px, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5524861878453038% 0.5524861878453038% 0.5524861878453038% 0.5524861878453038% \/ 2.5316455696202533% 2.5316455696202533% 2.5316455696202533% 2.5316455696202533%\" id=\"el-0c4c86e6-8e7d-49a8-9885-c878c83121ab\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.580110497237569% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.339806em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span><span style=\"color: #fff\">Harassment and intimidation cannot be used by lenders to recover the unpaid loan amount.<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"7a5e022d-7784-4015-8977-40f108e0ca27\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-0eddf599-d0ef-43e7-8776-7fca486070ef\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-4578cbd8-f583-4251-a89b-39c281b32c24\",\"keyframes\":{\"transform\":[\"translate3d(105.80111%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":600,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#a6a6c0\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-cc4bb92b-bdb8-4661-873a-8e963e30411a\">\n<div style=\"position:absolute;width:266.66667%;height:100%;left:-83.33334%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/images.unsplash.com\/photo-1584134239909-eb4800257d6a?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwyN3x8bG9hbnxlbnwwfHx8fDE3MjEyODE5Njl8MA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=5616&amp;h=3744&amp;fit=max\" alt=\"man in black framed sunglasses holding fan of white and gray striped cards\" srcSet=\"https:\/\/images.unsplash.com\/photo-1584134239909-eb4800257d6a?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwyN3x8bG9hbnxlbnwwfHx8fDE3MjEyODE5Njl8MA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=5616&amp;h=3744&amp;fit=max 5616w,https:\/\/images.unsplash.com\/photo-1584134239909-eb4800257d6a?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwyN3x8bG9hbnxlbnwwfHx8fDE3MjEyODE5Njl8MA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=4492&amp;h=2995&amp;fit=max 4492w,https:\/\/images.unsplash.com\/photo-1584134239909-eb4800257d6a?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwyN3x8bG9hbnxlbnwwfHx8fDE3MjEyODE5Njl8MA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=3369&amp;h=2246&amp;fit=max 3369w,https:\/\/images.unsplash.com\/photo-1584134239909-eb4800257d6a?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwyN3x8bG9hbnxlbnwwfHx8fDE3MjEyODE5Njl8MA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=2246&amp;h=1497&amp;fit=max 2246w,https:\/\/images.unsplash.com\/photo-1584134239909-eb4800257d6a?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwyN3x8bG9hbnxlbnwwfHx8fDE3MjEyODE5Njl8MA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=1123&amp;h=749&amp;fit=max 1123w,https:\/\/images.unsplash.com\/photo-1584134239909-eb4800257d6a?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwyN3x8bG9hbnxlbnwwfHx8fDE3MjEyODE5Njl8MA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=340&amp;h=227&amp;fit=max 340w\" sizes=\"(min-width: 1024px) 120vh, 267vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-0.48544%;top:73.78641%;width:102.6699%;height:18.93204%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-f556fffa-1e6d-4363-a63e-37387e881031\">\n<div class=\"fill\" style=\"background-color:rgba(0,0,0,0.5);will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:60.43689%;top:-1.94175%;width:33.00971%;height:9.70874%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-a8e63d37-14b6-4847-bc7c-f0251f395e47\">\n<div style=\"position:absolute;width:100%;height:102.42952%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/02\/12132639\/fly-finance-1-3-1.png\" alt=\"fly finance 1 (3)\" srcSet=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/02\/12132639\/fly-finance-1-3-1.png 343w,https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/02\/12132639\/fly-finance-1-3-1-300x136.png 300w,https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/02\/12132639\/fly-finance-1-3-1-150x68.png 150w\" sizes=\"(min-width: 1024px) 15vh, 33vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:7.03883%;top:74.91909%;width:87.86408%;height:16.99029%;opacity:1\">\n<div id=\"anim-0eddf599-d0ef-43e7-8776-7fca486070ef\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-4578cbd8-f583-4251-a89b-39c281b32c24\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(105.80111%, 0px, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5524861878453038% 0.5524861878453038% 0.5524861878453038% 0.5524861878453038% \/ 1.9047619047619049% 1.9047619047619049% 1.9047619047619049% 1.9047619047619049%\" id=\"el-9b5cf153-27e3-444b-8657-076a3c0aab0a\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.580110497237569% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.339806em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span><span style=\"color: #fff\">In case lenders want to engage recovery agents, they must comply with the Code of Conduct laid down by the RBI.<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"1d004db6-5513-4765-a75b-6679fddf3a6b\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-cccfa769-6f18-4295-a159-3d372428e05e\",\"keyframes\":{\"transform\":[\"scale(1)\",\"scale(1.5)\",\"scale(0.95)\",\"scale(1)\"],\"offset\":[0,0.33,0.66,1]},\"delay\":0,\"duration\":1450,\"easing\":\"ease-in-out\",\"fill\":\"both\",\"iterations\":1}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#d9c0a6\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-f310363e-6c07-41bd-9df5-f4fd12867405\">\n<div style=\"position:absolute;width:266.69102%;height:100%;left:-83.34551%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/images.unsplash.com\/photo-1551009175-15bdf9dcb580?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHw3fHxjYW5hZGF8ZW58MHx8fHwxNzIxMDI2MjY5fDA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=5477&amp;h=3651&amp;fit=max\" alt=\"waving Canada flag\" srcSet=\"https:\/\/images.unsplash.com\/photo-1551009175-15bdf9dcb580?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHw3fHxjYW5hZGF8ZW58MHx8fHwxNzIxMDI2MjY5fDA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=5477&amp;h=3651&amp;fit=max 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id=\"el-57a8f225-d025-4449-a562-bcc1933954f8\">\n<div class=\"fill\" style=\"background-color:rgba(0,0,0,0.5);will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:7.52427%;top:39.32039%;width:85.92233%;height:25.24272%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5649717514124294% 0.5649717514124294% 0.5649717514124294% 0.5649717514124294% \/ 1.282051282051282% 1.282051282051282% 1.282051282051282% 1.282051282051282%\" id=\"el-f2c26dd2-b785-4cf6-b7e6-ee1a296fed80\">\n<h3 id=\"to-know-more-about-rbi-guidelines-for-education-loan-recovery-swipe-up\" class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.7062146892655368% 0;font-family:&quot;Poppins&quot;,sans-serif;font-size:0.404531em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span><span style=\"color: #fff\">To know more about RBI Guidelines for Education Loan Recovery &#8211;&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 700; color: #fff\">SWIPE UP<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:60.43689%;top:-1.94175%;width:33.00971%;height:9.70874%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-096fddc4-d425-45ed-9e80-1d0265c11f9f\">\n<div style=\"position:absolute;width:100%;height:102.42952%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/02\/12132639\/fly-finance-1-3-1.png\" alt=\"fly finance 1 (3)\" srcSet=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/02\/12132639\/fly-finance-1-3-1.png 343w,https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/02\/12132639\/fly-finance-1-3-1-300x136.png 300w,https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/02\/12132639\/fly-finance-1-3-1-150x68.png 150w\" sizes=\"(min-width: 1024px) 15vh, 33vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-page-outlink layout=\"nodisplay\" cta-image=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/06\/11185316\/RBI-Guidelines-for-Education-Loan-Recovery.webp\"><a href=\"https:\/\/fly.finance\/blog\/education-loan\/rbi-guidelines-for-education-loan-recovery\/\" rel=\"\">Learn more<\/a><\/amp-story-page-outlink><\/amp-story-page><\/amp-story><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Know all about the RBI Guidelines for Education Loan Recovery!<\/p>\n","protected":false},"author":22,"featured_media":13936,"template":"","meta":{"web_stories_publisher_logo":2665,"web_stories_poster":[],"web_stories_products":[],"footnotes":""},"web_story_category":[],"web_story_tag":[],"class_list":["post-13929","web-story","type-web-story","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>RBI Guidelines for Education Loan Recovery - Fly Finance<\/title>\n<meta name=\"description\" content=\"Know all about the RBI Guidelines for Education Loan Recovery!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fly.finance\/blog\/web-stories\/rbi-guidelines-for-education-loan-recovery\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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