Bank locker

RBI issues new guidelines for locker in banks

New Locker Rules Big alert: Banks Send Reminder To Customers; Check Latest Developments

Customers availing bank lockers facilities have been asked to sign a revised locker agreement with their bank. The mandate from the Reserve Bank of India states that the new locker agreement must not have clauses which are unfair to the bank locker customers. The August 18, 2021 notification by RBI stated that “Banks shall have a Board …

New Locker Rules Big alert: Banks Send Reminder To Customers; Check Latest Developments Read More »

New bank locker rules from Jan 1: RBI said all banks their safe deposit locker holders under the new rules

Reserve Bank of India (RBI) has said that all leading banks should issue the locker agreement to its holders before January 1, 2023, as the new locker rules will be implemented from that date.   As per RBI’s revised guidelines, “Banks shall ensure that any unfair terms or conditions are not incorporated in their locker …

New bank locker rules from Jan 1: RBI said all banks their safe deposit locker holders under the new rules Read More »

New bank locker agreement from January 1, 2023

Banks need to provide new locker agreement to customers byJan 1, 2023 Bank locker customers must ensure that they have signed a new locker agreement which will be effective from January 1, 2023. Banks like Punjab National Bank (PNB) are sending SMSs to customers alerting them of the same. According to the message received by …

New bank locker agreement from January 1, 2023 Read More »