Bank Locker Rules: Here's everything you should know to protect your assets

The Reserve Bank of India regularly updates rules for improving the safety and convenience of the bank customers. These are the Bank locker rules that everyone should know.

Reserve Bank of India changed the rules related to bank lockers in 2021 which are effective since January 2022. The primary objective of these bank locker rules was to protect expensive assets from theft and burglaries. With trembling economic inequality, jewelry and cash thefts are still prevalent in many parts of India. 

After Supreme Court’s order, RBI issued these bank locker rules. In general, banks often get away with theft cases stating that banks are not responsible for any goods kept inside lockers. As banks deny accountability, customers are obliged to fight legal battles. After January 2022, banks