Bank Locker Rule: Many people use bank lockers to keep their important items i.e. jewelry documents. Bank locker rules are determined by the Reserve Bank of India. RBI has recently issued new guidelines for bank lockers. If you also have a bank locker or you are thinking of getting one, then you should know about the new guidelines for bank locker.
We are often afraid to keep our jewelry or any important document at home or keep it safe with someone else. We are afraid that if it is lost, stolen or burnt, then the savings of a lifetime will go waste. In such a situation, a bank locker is a very good option for the security of all these.
If you are thinking of getting a bank locker or you have it, then today we will tell you about the new update of the Reserve Bank of India. Before telling you about these new updates, let us tell you that the rules of bank locker are decided by the RBI itself. RBI has recently issued a guideline making some changes in the rules of bank locker.
What are the new guidelines
RBI has told the process of renewing the locker. According to the new guidelines, by 31 December 2023, the revised agreement has to be signed and deposited in the bank.
Can you open a bank locker?
Many people have a question that who gets a bank locker. RBI told that bank locker is available only to those account holders who have a savings account or current account in the bank. If the customer wants to open a bank locker, then only PAN card or Aadhaar card is required for that. Apart from this, address proof also has to be submitted.
Other things related to bank locker rules
- There is an agreement between the bank and the customer to get a locker. The locker is allotted only after signing these agreements.
- What will be the size of the locker? This is decided by the customer. Bank lockers are either single-tiered or multi-tiered.
- When the locker is opened, the bank gives the customer a key with a specific number and keeps the master key with itself.
- The rent charged on the locker is decided on the basis of the size of the locker and the location of the bank. However, as soon as the locker is opened, the bank takes a security deposit from the customer. This deposit can be deposited in the form of fixed deposit or cash amount.
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