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 …

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