Bank Locker Rules: If the bank locker has not been opened for a long time, then you should check that the locker has not been deactivated anywhere. Recently, the new guidelines issued by the RBI regarding bank lockers have made some amendments to the old locker rules.
New Delhi: Nowadays everyone keeps their capital in the bank. They prefer to keep not only the deposited capital, but also expensive jewellery, house-shops and all necessary documents in the bank. People tend to store things in bank lockers. But do not break it for a long time. If you have also kept your belongings in the bank locker. But if not broken then know the work for you.
If the bank locker has not been opened for a long time, then you should check once that the locker has not been de-activated anywhere. Recently, the new guidelines issued by the RBI regarding bank lockers have made some amendments to the old locker rules. This said, if the locker is not broken for a long time, it closes itself. Even if you are paying regular rent. It also contains directions regarding deactivating bank lockers.
According to RBI, if a bank locker is not opened within 7 years then such locker gets deactivated. In that case, the bank will wait for the customer’s claim first. If he does not claim but pays the regular rent, the locker will be demolished by the bank itself.
Rule of Deactivating Locker – As per RBI guidelines, the bank will first transfer the locker to the nominee or legal heir. In case no information is received regarding the nominee, the bank will first notify the locker hirer. Also will send alert message to email and mobile number. If the letter sent by the bank is returned or no information is found about the person, the bank has to give notice in the newspaper.
Bank gives notice – This notice is given in English and other local languages. Any person who is entitled to it has to answer to the bank. If still no one claims, the locker is broken by the bank.
Locker breaking process – When the bank officer breaks the locker and takes out the goods, the entire process is video recorded in the presence of two witnesses. If there is a smart vault, the vault administrator uses the password to break the locker. After opening the locker it is handed over to the senior officer.
