SBI has tweeted about the notice on the revised locker agreement and said that the customers of the locker should go to the bank to know and sign the new agreement. Locker customers of SBI Bank must read the notice first.

RBI circular on bank locker

The Reserve Bank of India (RBI) directed banks to inform all customers about the requirements by April 30 and ensure that 50% and 75% of existing customers sign Revised Bank Locker Agreement by June 30 and September 30, respectively. Give

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Before the change in the rules, banks used to shirk from taking responsibility for any items stolen from the locker, but now they will not be able to do so.

Usually, in the case of bank theft, they used to separate themselves by saying that the bank is not responsible for the goods kept inside the locker. After the implementation of the new rules, if there is any damage to the goods kept in the locker or if it is stolen, then the banks will not be able to withdraw from their liability. Let us see what are the new changes in the bank locker rules from January 1, 2022.

Will have to make full compensation

According to the new rule by RBI regarding bank locker, if there is some damage to any item kept in the locker, then the bank will compensate 100 percent of it. RBI has made this change in the rules in view of the increasing cases of theft of valuable jewelry and other assets kept in the lockers of banks.

In addition to the list of lockers, the RBI has assigned another responsibility to the banks. RBI has said that now banks will have to tell how many empty lockers they have and how much waiting period is going on for how many lockers. This is expected to increase transparency regarding bank lockers.

Freeze on rent

You can rent a locker from banks for 3 years. In lieu of this, the banks tell something else for the rent and the actual rent is something else after including many types of charges. Changes have also been made in this. Suppose the rent of a locker is Rs 10,000, then the bank will not charge you more than Rs 30,000 in 3 years. If any other charges are to be levied, the same will be informed to the customer in advance. Apart from this, a rule has also been brought for the prevention of fraud that if you use your locker, you will be informed about it through SMS or email. With this, no one else will be able to use your locker.

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