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Bank Locker- RBI has changed the rules for using bank account lockers, be careful, and know about the new guidelines.


Friends, in today's time thefts have increased so much that people turn to bank lockers instead of homes to keep valuables. There is doubt about the security of these lockers and the remedies available in case of theft or damage. It is important to understand the rules governing bank lockers for peace of mind. Today, through this article we will tell you what things should be kept in mind while using a bank locker-

Responsibility for theft or damage:

The Reserve Bank of India (RBI) has implemented new rules related to bank lockers, giving assurance to the depositors. According to these rules, if your belongings kept in the bank locker get damaged then you do not need to worry. Banks are held accountable in cases of theft or damage and are obligated to compensate depositors for their losses.

Use of Bank Locker Features:

It is essential to understand how to access and use bank locker facilities. The process starts by visiting your bank branch and submitting the application for locker services. Lockers are usually allocated on a first-come-first-served basis, with customers being placed on a waiting list until a locker becomes available.

Additionally, banks charge a nominal rental fee as well as a nominal annual fee for the use of the locker.

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