Consider the following statements regarding the RBI's 15-day credit score update rule:
- Lenders are mandated to update credit bureau records every 15 days.
- The rule enhances borrowers' credit visibility by promptly reflecting repayments and missed payments.
- This system aims to replace the yearly update system, effective from January 1, 2025.
Which of the following options is correct?
1
Only 1
2
Only 1 and 2
3
Only 1 and 3
4
Only 2 and 3
5
All of the above