Bank Locker Rule: Can you keep cash in a bank locker, how much compensation will be given if the goods are stolen, know the new rules of RBI..

Bank Locker Rule: Often banks provide many types of facilities to attract customers. Especially the facility of a bank locker is also being provided by every bank nowadays. A Bank locker is an easy way to keep your valuables safe. But many people have a question in their mind whether cash can be kept in a bank locker.

Some time ago, the news came out that termites ate Rs 5 lakh kept in a person's bank locker. In such a situation, this question becomes even more important what are the rules regarding keeping cash in the locker?

RBI clarified

The Reserve Bank of India i.e. RBI has laid down guidelines (RBI New Guideline) regarding bank lockers. In this, it has been clarified what items can be kept in the bank customer locker (Bank Locker Rules) and what cannot. Along with this, it has also been clearly stated about the compensation amount in case of loss due to theft and negligence of the bank.

What are the rules regarding keeping cash?

The Reserve Bank of India's guidelines mention such things that cannot be kept in a locker. Even after this, if the customer keeps those items in his bank locker, then the bank will not be responsible in case of loss.

It is prohibited to keep cash in a bank locker, that is, you cannot keep cash in a locker. Some time ago, a person from Uttar Pradesh (UP News) did this. Termites ate 5 lakhs kept in his locker and the bank refused to return the money citing rules.

Do not keep these things in a bank locker.

Along with cash, weapons, drugs, poison, explosives, and perishable items like vegetables, fruits, etc., radioactive material or illegal goods cannot be kept in a bank locker. In such a situation, it becomes the responsibility of the customer to follow the prescribed guidelines. If this is not done, the chances of accepting their claim become very low.

These things can be kept in a bank locker.

Let us now also know what can be kept in a locker (bank locker rules). According to the RBI guidelines, customers can keep jewelry, property papers, birth and death certificates, important documents, marriage certificates, insurance policies and Kisan Vikas Patra etc. in the bank locker.

This much compensation will be given

RBI has also clarified the responsibility of the banks. It has also been made clear that the bank will have to pay compensation for the loss caused by negligence (Latest Bank News). According to the guidelines of the Reserve Bank of India, the responsibility of the banks will be up to 100 times the annual rent of the locker.

In simple language, if the annual rent of a bank locker (bank locker charge) is Rs 1000 and the goods kept in it disappear, then the customer will get 100 times the rent i.e. Rs 1 lakh as compensation. Therefore, it is also important that you keep the goods in the locker keeping this in mind.

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