Bank Locker: According to the order of the Reserve Bank of India, this last date has been announced for the work of locker keepers in the bank. Last year, after the decision of the Supreme Court, the RBI had issued the directive.
Bank Locker: Bank locker is considered the most secure in terms of keeping valuables. For providing the facility of bank locker, banks charge their customers according to the size of the locker. Every bank has different rules regarding this. If you have also kept a locker in the bank, then by June 30, 2023, you will have to sign the revised locker agreement. Many banks including SBI have shared information related to this to their customers.
What did RBI say?
In January 2023, RBI had extended the process of locker agreement for banks till 31 December 2023. By June 30, 2023, 50% locker agreements will be renewed by the banks. At the same time, 75% locker agreement will be renewed by 30 September 2023. This instruction was given by the RBI in February 2021 after the decision of the Supreme Court. RBI gave instructions for revised locker agreement in August 2021.
The rules of the agreement came into force on January 1, 2022, for customers taking new lockers in banks. At the same time, for existing customers, banks had to complete this process by January 1, 2023. Till January 1, 2023, most of the customers had not signed the revised agreement, due to which RBI extended this date to December 31, 2023. According to the guidelines of RBI, this agreement should be on stamp paper, which is given by the banks to their customers for free.
What are the rules regarding bank locker?
There are many types of rules regarding locker in the bank. The Bank will not be responsible for any damage to the locker due to any calamity like rain, flood, earthquake, lightning, riots, terrorist attack or due to the negligence of the customer. However, it is the responsibility of the bank to provide security regarding the locker. At the same time, the bank will have to pay compensation for incidents like fire, theft, burglary, robbery, building collapse, negligence of banks or fraud by bank employees.
