Bank Locker
56% to shut bank lockers due to rising rentals, KYC requirement: Survey
Under the RBI guidelines for banks, revised locker agreements, defining responsibilities and liabilities, must be signed and submitted to the bank branch by account holders before December 31, 2023.
 "56% to shut bank lockers due to rising rentals, KYC requirement: Survey")
Bank locker agreement renewal deadline on Dec 31: What you need to do
The Reserve Bank of India (RBI) has asked banks to sign an updated agreement with bank locker holders citing developments in banking and technology, consumer grievances, and feedback
 "Bank locker agreement renewal deadline on Dec 31: What you need to do")
Centre directs banks to ensure nominees for all accounts and lockers
A bank official said that both the government and the RBI have stated that money should not be accumulated in the depositor education and awareness fund
 "Centre directs banks to ensure nominees for all accounts and lockers")
Did you know? Bank's liability is 100 times annual rent of a locker
Bank branch that has run out of lockers must put you on a waiting list
 "Did you know? Bank's liability is 100 times annual rent of a locker")
How will the Reserve Bank of India's new locker norms impact you?
New locker rules: Now, the relationship between a bank and a customer has become that of a lessor and a lessee
 "How will the Reserve Bank of India's new locker norms impact you?")
Bank customers scramble to renew agreement as new locker rules kick in
People have also complained about the divergence in the value of the stamp paper required for agreement renewal
 "Bank customers scramble to renew agreement as new locker rules kick in")
Safety to liability: What changes for bank locker customers from Jan 1
Rules for accountability and obligations enhanced after RBI mandate, say experts
 "Safety to liability: What changes for bank locker customers from Jan 1")
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.
Securing valuables in your bank locker is not an easy task
While banks have security and safety systems in place, you need to insure the valuables to be on the safe side
Have a locker at a PSU bank? You're on your own in case of theft, RBI says
Banks say relationship with customers with regard to lockers is that of landlord) and lessor
 "Have a locker at a PSU bank? You're on your own in case of theft, RBI says")
