Bank lockers provide a safe and secure way to store valuable items. Items that cannot be stored in bank locker: Common restrictions across all banks Possessing weapons, explosives, drugs, or any other type of contraband is strictly forbidden. Here's a breakdown of what can and cannot be stored in a bank locker SBI locker agreement Only for legitimate purposes such …
The Reserve Bank of India has decided to extend the deadline for banks to complete the process of renewal of agreements for the existing safe deposit lockers in a phased manner by December 31, 2023, with intermediate milestones of 50% by June 30, 2023, and 75% by September 30, 2023. “Further, banks have been advised to make necessary arrangements to …
New Year 2023 is just around the corner. Rules like partial withdrawal for National Pension System, mandatory KYC documents for purchasing insurance policies, updated bank locker agreement, and several other changes are taking place starting from January 1, 2023, that can impact your personal finances. Here is a list of rules which are going to change from New Year 2023 …
Kanpur Commissionerate Police revealed on Friday that bank officials are behind the numerous thefts from the lockers of the Central Bank of India. The police started an investigation after nine customers of the Central Bank of India, Karachi Khana branch in Kanpur filed an FIR. Salman Taj Patil, Deputy Commissioner of Police, crime revealed that the lockers were broken into …
The Supreme Court observed that the banks owe a duty of care to exercise due diligence in maintaining and operating their locker or safety deposit systems and that they cannot contract out of the minimum standard of care in this regard.The banks cannot wash off their hands and claim that they bear no liability towards their customers for the operation …