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RBI's New Bank Locker Rules: 5 Things You Must Know to Protect Your Valuables

RBI's New Bank Locker Rules: 5 Things You Must Know to Protect Your Valuables

Sat, Oct 07, 2023

The RBI has released new rules for bank lockers in India, and it's important to be aware of them. In this video, we'll cover the five key things you need to know, including what you can store in your locker, what the bank's liability is, and when the bank can open your locker on its own. So watch on to learn how to protect your valuables and your legal rights.

Money Guru: Bank lockers are safe; If you feel it too, watch this video

Money Guru: Bank lockers are safe; If you feel it too, watch this video

Wed, Jul 17, 2019

Everyone wants to make sure that their important documents, money and jewelries are safe and secured. It’s among top priorities for almost every individual. In such situations, many banks also offer customers lockers guaranteeing a safety for your financial credentials.

Should you opt for bank lockers? Know how your jewelry, papers, money are kept in banks and what SBI, HDFC Bank, Axis Bank, BoB charge

Should you opt for bank lockers? Know how your jewelry, papers, money are kept in banks and what SBI, HDFC Bank, Axis Bank, BoB charge

Fri, Feb 22, 2019

Many banks like SBI, HDFC Bank, ICICI Bank, Axis Bank, Punjab National Bank, Bank of Baroda, Kotak Mahindra Bank and many more offer bank lockers to every individual who have high-valued tangible assets.

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What is in your bank locker? BJP govt in Haryana wants to know

What is in your bank locker? BJP govt in Haryana wants to know

Fri, Aug 10, 2018

Drawing the attention of the union government to the issue of liability for the loss of valuable items deposited in bank lockers, Khattar on Friday said that if the valuables are disclosed, the banks can easily buy a group insurance policy for the hirers of lockers.

Banks lost Rs 180 crore to dacoity, burglaries in three years

Banks lost Rs 180 crore to dacoity, burglaries in three years

Tue, Jul 18, 2017

Private sector players ICICI Bank Ltd, Axis Bank and HDFC Bank Ltd respectively lost Rs 17.25 crore, Rs 37.34 crore and Rs 10.21 crore in such incidents.

Experts, bankers differ on liability for loss of locker items

Experts, bankers differ on liability for loss of locker items

Wed, Jun 28, 2017

Days after an RTI response by the RBI and several banks that there is no compensation for loss of valuables in lockers, officials of both the PSU and private banks are passing the buck to the consumers, saying clients do not disclose the contents of the safe deposit box.

Your home is the best safety locker, here's why

Your home is the best safety locker, here's why

Tue, Jun 27, 2017

The banks clearly says that "Hirers should insure items deposited in the safe". Which means that there is no use of keeping your valuables in banks, instead keep at homes.

Theft of valuables kept in your lockers are not bank's responsibility

Theft of valuables kept in your lockers are not bank's responsibility

Mon, Jun 26, 2017

As per the report, the lawyer quoted the clause by 19 banks which also included Bank of India, Oriental Bank of Commerce, Punjab National Bank, UCO and Canara, among others, stating, "the relationship they have with customers with regard to lockers is that of lessee (landlord) and lessor (tenant)".

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