New rules for Bank Lockers by RBI.
By Lokmat English Desk | Published: October 27, 2021 06:35 PM2021-10-27T18:35:37+5:302021-10-27T22:07:21+5:30
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Many people tend to keep their valuables safe in a bank locker instead of keeping them at home. For this, charges are also levied by the concerned banks. So banks locker services now have changed as the RBI has introduced new rules in these services.
What is a locker facility?
According to the new rules of the Reserve Bank, banks have the right to take term deposits (FDs) at the time of locker allotment. Therefore, the person availing of the locker facility is expected to pay the locker rent on time.
When a locker allotment is made by a bank, it includes a three-year fee. Banks are not allowed to take FDs from customers who have had lockers for a long time.
नवे नियम का?
The Reserve Bank has changed the locker rules and drafted new rules for the Secure Custody Facility. The new rules have been introduced only after discussions with various banks as well as the Federation of Indian Banks (IBA) and consideration of complaints received from customers.
What are the new rules?
If the bank has already rented the locker, the customer will be reimbursed a special amount from the deposit. In case of a natural calamity, the bank should notify the customer immediately. Banks should have board-approved regulations in case of any damage to the goods in the locker.
The bank will not be held responsible for any damage to the locker during natural calamities like earthquakes and floods. A potential should also be applied when entering into a locker agreement. Accordingly, there will be a guarantee that the customer taking the locker service will not put any dangerous items in it.
If the bank is robbed or the building catches fire or the building collapses, the customer will have to pay 100 times the rent for the locker.