look news india
Bank Locker Rules: Things will be safe in a bank locker, there is a risk in keeping them at home. Thinking this, people keep valuables, especially jewelry, in bank lockers. If you also keep things in a bank locker, then first know the rules. Does the bank guarantee the things kept in the bank locker?
Safe Deposit Lock
The Reserve Bank has issued new rules regarding safe deposit lock in August 2022. Under this rule, banks had to revise the agreement with existing locker holders by January 1, 2023.
Waiting list must be displayed
Under the new rules, banks will have to show the list of vacant lockers and the waiting list. Apart from this, banks will have the right to charge a maximum of three years' rent from customers for a locker at one time.
RBI made revised rules
As per the revised RBI rules, banks will have to ensure that the locker agreement made by them does not contain any unfair terms, so that the bank can easily back out in case of any loss to the customer.
New rules
As per the new rules for bank lockers, the bank and the customer will have to clearly state in the new agreement what kind of items can be kept there and what cannot.
Valid Baggage
As per the rules of the Reserve Bank of India, customers can keep only jewellery, important documents and legally valid items in the bank locker. Only the customer will have access to the bank locker, that is, family members or anyone else will not have the facility to open the locker.
What not to keep in your locker?
Weapons, cash or foreign currency or medicines or any deadly poisonous substance cannot be kept in a bank locker. If cash is kept in the locker then it will be against the rules and the bank will not be responsible for any loss.
Rules for making a nominee
If the locker holder has nominated someone for his locker, then after his death the nominee has the right to open the locker and take out the things kept in it. Banks give this right to the nominee after complete verification.
