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Articles for Lockers, search results for safe

Security breach at Lko’s Bank: “If bank lockers aren’t safe, where can we go,” locker holders
20 hours, 48 minutes ago

Security breach at Lko’s Bank: “If bank lockers aren’t safe, where can we go,” locker holders

Hindustan Times  

“If even bank lockers aren’t safe, where can we go?” questioned Ankit Asthana, a victim of the shocking heist at the Chinhat branch of Indian Overseas Bank. The incident has not only stripped locker holders of their precious belongings but also eroded trust in the bank’s ability to provide security. Despite paying ₹2,400 annually for the locker, the bank’s security …

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Bank locker rules 2024: What you can and cannot store in SBI, HDFC, Bank of Baroda, and ICICI Bank lockers
1 month ago

Bank locker rules 2024: What you can and cannot store in SBI, HDFC, Bank of Baroda, and ICICI Bank lockers

Live Mint  

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 …

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Lockers installed at Tiruvanaikoil Akilandeswari Jambukeswarar Temple to keep mobile phones of devotees
9 months ago

Lockers installed at Tiruvanaikoil Akilandeswari Jambukeswarar Temple to keep mobile phones of devotees

The Hindu  

With restriction imposed on devotees to carry their mobile phones inside the famous Sri Akilandeswari Jambukeswarar Temple at Tiruvanaikoil in Tiruchi, the temple authorities have made arrangements by installing lockers for the pilgrims to deposit their cell phones in safe custody while visiting the shrine. While two lockers have been installed at the temple’s western gopuram, one locker has been …

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RBI extends time for renewal of pacts for existing lockers
1 year, 11 months ago

RBI extends time for renewal of pacts for existing lockers

The Hindu  

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 …

2023 Rbi Extends
Explained | RBI’s revised guidelines for locker management
1 year, 11 months ago

Explained | RBI’s revised guidelines for locker management

The Hindu  

The story so far: In order to enhance the safety, transparency and effective management of safe deposit lockers provided by banks, apex banking regulator Reserve Bank of India released a list of revised guidelines, which came into force from January 1, 2022. Banks cannot, however, demand ‘term deposits’ from existing locker holders or those who have “a satisfactory operative account”. …

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RBI Revises Bank Locker Rules - Know All About Rentals, Safety, Digital Framework & More
3 years, 4 months ago

RBI Revises Bank Locker Rules - Know All About Rentals, Safety, Digital Framework & More

ABP News  

New Delhi: Planning to get a safety deposit locker in a bank? The Reserve Bank of India has recently revised its guidelines on safe deposit locker and safe custody article facility provided by banks. The changes in guidelines for 'Deposit Locker/Safe Custody Article Facility' provided by the banks came after the central bank took into consideration various developments in the …

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Banks Duty-Bound To Exercise Due Diligence In Maintaining And Operating Their Locker Facility: Supreme Court Issues Guidelines
3 years, 10 months ago

Banks Duty-Bound To Exercise Due Diligence In Maintaining And Operating Their Locker Facility: Supreme Court Issues Guidelines

Live Law  

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 …

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