Bank Locker Rules: Before taking a bank locker, know the rules of RBI, and understand how safe your money and jewelry are

Locker facility is provided by many banks. In this locker, people keep their important papers, jewelry, or any other such item, that needs a lot of security.

Locker facility is provided by many banks. In this locker, people keep their important papers, jewelry, or any other such item, that needs a lot of security. Due to this, it is also called Safe Deposit Locker. Many people think that they can keep anything in the bank, but according to the rules of the Reserve Bank of India, some things are prohibited in it. Let us know what are the revised rules of the Reserve Bank of India.

What can be kept in a bank locker?

According to the Reserve Bank of India, bank lockers can be used only for legitimate purposes. Valuable things like jewelry and documents can be stored in it. These things of yours remain completely safe in the locker.

What things are prohibited to be kept in a bank locker?

According to the website of the State Bank of India, first of all, you cannot keep cash or currency in the locker.

Apart from this, things like weapons, explosives, and drugs cannot be kept in any bank locker.

If there is any decomposable thing, then that also cannot be kept in the locker.

Any radioactive material or any illegal thing or any such thing, which is banned according to Indian law, cannot be kept in the bank locker.

No such material can be kept in the bank locker, which can pose a threat to the bank or any of its customers.
The Bank locker opens with two keys.

Two keys are required to open the bank locker. One key is with the customer and the other is with the bank manager. Unless both the keys are used, the locker will not open. Now the question is, what will happen if you lose the key of your bank locker? What are the rules regarding bank lockers? Let us know.

If the key of the bank locker is lost, then first of all you have to inform the bank about it. Also, an FIR has to be lodged for the loss of the key. If the key of your bank locker is lost, then two things can be done in that situation-

First, the bank issues a new key for your locker. For this, the bank will get a duplicate key made. However, the risk in getting a duplicate key is that the person who makes the duplicate key of that locker may make some mistakes in the future.

The second situation is that the bank will issue you another locker and the first locker will be broken. After breaking the locker, all its stuff will be shifted to another locker and its key will be given to the customer. However, the customer may have to bear all the expenses from breaking the locker to getting that locker repaired again. In such a situation, try to keep the key very carefully.

How is a locker broken?

The system of a bank locker is such that from opening it to breaking it, both the customer and the bank officer are present during every work. Whenever a customer wants to open his locker in the bank, the bank manager also goes to the locker room with him. There, two keys are used in the locker. One key is with the customer and the other is with the bank. Unless both the keys are used, the locker will not open. After the locker is unlocked, the bank officer leaves the room and the customer can see, change, or take out the stuff kept in the locker with complete privacy.

Similarly, when a bank locker is broken, the bank officer as well as the customer must be present there. If the locker is taken jointly, then all the members must be present there. If the customer gives in writing that the locker can be broken even in his absence, then the locker can be broken even without the customer and the stuff present in it can be shifted to another locker.

When can the bank break the locker on its own?

If there is a criminal case against a person and it seems that the person has hidden something in his locker, which may be related to the crime, then the locker can be broken. However, in this situation, along with the bank officials, police officers are also required.

According to SBI, if a person does not pay the rent of his locker for 3 years, then the bank can recover its rent by breaking the locker. If the customer's locker remains inoperative for 7 years and there is no trace of the customer, even if the rent keeps coming, the bank can still break that locker.