SBI LockerNew Fees: State Bank of India i.e. SBI has asked all the customers availing the locker service to go to their branch and sign the changed locker agreement. Regarding the notice on the revised locker agreement, SBI has tweeted that the customers should go to their branch to know about the new agreement and sign it. We recommend that all customers opting for SBI Locker service must go through the new agreement carefully.
RBI has sent circular

The Reserve Bank of India had already issued a circular instructing the banks to inform all the customers by April 30. Apart from this, it should be ensured that 50 percent customers sign the revised bank locker agreement by June 30 and 75 percent customers by September 30.

How much does SBI charge?

SBI locker charges depend on the branch and area. The bank charges a one-time locker registration charge of Rs 500 for small and medium size lockers plus GST. For large and XL lockers, customers have to pay Rs 1,000 plus GNG and registration charges.

Small locker rent in SBI

– Rs 2,000 plus GST for urban and metro cities
– Rs 1,500 plus GST for rural and semi-urban

Medium Locker Rent in SBI

– Rs 4,000 plus GST for urban and metro cities
Rs 3,000 plus GST for rural and semi-urban

Large Locker Rent in SBI

– Rs 8,000 plus GST for urban and metro cities
– Rs 6,000 plus GST for rural and semi-urban

Extra Large Locker Rent in SBI

– Rs 12,000 plus GST for urban and metro cities
– Rs 9,000 plus GST for rural and semi-urban

The post Bank Locker Agreement Revised: Big news for SBI Bank account customers! Will have to go to the bank and sign the new agreement first appeared on Rightsofemployees.com.

The new agreement will come into force from 1 January 2023. Banks like Punjab National Bank (PNB) are also sending SMS to their customers regarding this. In the message received by PNB customers, it has been said that as per RBI guidelines, the new locker agreement is to be implemented before December 31, 2022. So, if you haven’t already, make sure to do it now.

Let us know which new rules related to lockers are going to be implemented from January 1, 2023.

SMS and email alerts about locker access

In case of unauthorized access to the locker, before the end of the day, the banks will inform the registered mail address and mobile number of the customers about the date, time and some necessary steps.

Banks will now give money to customers in this condition

According to the new standard of Reserve Bank of India i.e. RBI, if there is any loss of any locker items due to the negligence of the bank, then the bank will have to compensate the customers. It has been said in the notification of RBI that it is the responsibility of the banks to take all steps keeping in view the security here. According to the notification, it is the responsibility of the banks to ensure that cases like fire, theft, robbery do not happen due to any deficiency or negligence in the bank.

Bank will not compensate in these cases

If the contents of the locker are damaged due to any natural calamity like earthquake, flood, storm etc., the Bank will not be liable to compensate for the same. Apart from this, according to the revised guidelines, if there is a loss due to the customer’s own fault or negligence, then the bank will not give any money to the customers. On the other hand, to keep the banks safe from such calamities, some precautions related to the locker system have to be taken

What happens in case of death of the account holder?

According to the new rules, if the owner of the locker nominates someone, then the banks will have to give him the freedom to withdraw the goods. This can be done after verification of the death certificate and confirmation of the identity of the person.

The post Bank Locker Rules Change: Have you taken the locker in the bank? So these new rules will be applicable from January 1 first appeared on Rightsofemployees.com.