New Delhi: If you have rented a locker in a bank to keep jewellery or valuables, then this news is useful for you. The Reserve Bank (RBI), during the last few years, has made a few changes in the ...

The Reserve Bank of India had set December 31, 2023, as the deadline for all banks to get all locker holders to sign a revised bank locker agreement. The central bank ...

If a bank locker holder doesn't sign the updated locker agreement, their locker might be sealed as the banks are seeking the RBI's and government's permission to send final notices to non-compliant ...

LocalCircles, a community social media platform, found that 56% of respondents to a survey it conducted said they had either closed bank lockers or were intending to downgrade the size soon. The ...

Read and understand the locker agreement provided by the bank. Having a bank locker can be a secure way to store valuable items and important documents. Making sure that that your transactions related ...

Although banks take security measures to protect lockers, it’s crucial to understand that there are hazards involved when you commit your possessions to a third party. Bank lockers are usually said to ...

Union Finance Minister Nirmala Sitharaman on Monday explained why the Reserve Bank of India (RBI) has capped the compensation limit of bank lockers to 100 times the annual locker rent in case of a ...

Many commercial banks of our country offer locker facility to the customers in exchange of a particular annual charge based on the size of the locker. The customers also feel very safe to deposit ...

Losing your bank locker key can be stressful, but it’s not the end of the world. While the safety of your valuables is crucial, banks have protocols in place to help you regain access. Here’s a ...