The Reserve Bank of India on August 18 issued revised instructions on safe deposit locker and safe custody article facility provided by banks. Now, let's take a look at RBI's new guidelines for bank lockers Locker Rent Banks may face potential situations where the locker-hirer neither operates the locker nor pays the rent. Compensation Policy / Liability for Banks The …
IDBI Bank has recently revised the charges for depositing cash and cheque books. Customers of IDBI Bank will get five free transactions while depositing cash in their savings bank accounts. At present, the bank offers 25 per cent discount on locker rent if Rs 5,000 is maintained as average quarterly balance in all four quarters. Besides, the lender has also …
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