Bank Locker Rule: Nowadays banks try to provide special facilities to their customers. Every bank has started providing the facility of bank locker. Where we can keep our important things. People have many questions in their mind regarding bank locker like can we keep money in bank locker and if the things are stolen from the bank locker then how much compensation will be given, let us tell you in the news about the RBI rules related to bank locker in detail.
Bank Locker Rule Often, banks provide many types of facilities to attract customers. Especially, nowadays every bank has started providing the facility of bank locker. Bank locker is an easy way to keep your valuables safe. But many people have a question in their mind whether cash can be kept in a bank locker.
Some time ago, news came out that termites ate away Rs 5 lakh kept in a person’s bank locker. In such a situation, the question becomes even more important – what are the rules regarding keeping cash in a locker?
RBI has clarified
The Reserve Bank of India i.e. RBI has laid down clear guidelines (RBI New Guideline) regarding bank lockers. It clarifies what bank customers can keep in the locker (Bank Locker Rules) and what they cannot. Along with this, it also clearly states the compensation amount in case of loss due to theft and negligence of the bank.
What are the rules for keeping cash?
The RBI guidelines mention such things which cannot be kept in a locker. Even after this, if the customer keeps those things in his bank locker, then the bank will not be responsible in case of any loss.
Keeping cash in a bank locker is prohibited, that is, you cannot keep cash in a locker. Some time ago, a person from Uttar Pradesh (UP News) did this. Termites ate the 5 lakh rupees kept in his locker and the bank refused to return the money citing rules.
Do not keep these things in the bank locker
Along with cash, weapons, drugs, poison, explosives, perishable items like vegetables, fruits etc., radioactive materials or illegal goods cannot be kept in the bank locker. In such a situation, it becomes the responsibility of the customer to follow the prescribed guidelines. If they do not do so, the chances of their claim being accepted are very low.
These things can be kept in the bank locker
Let us now also know what can be kept in the locker (bank locker rules). As per RBI guidelines, customers can keep jewellery, property papers, birth and death certificates, important documents, marriage certificate, insurance policy and Kisan Vikas Patra etc. in the bank locker.
You will get this much compensation
RBI has also clarified the responsibility of the banks. It has also been clarified that the bank will have to pay compensation for the loss caused due to negligence (Latest Bank News). According to the guidelines of the Reserve Bank of India, the responsibility of the banks will be up to 100 times the annual rent of the locker.
In simple words, if the annual rent of a bank locker (bank locker charge) is Rs 1000 and the stuff kept in it goes missing, then the customer will get 100 times the rent i.e. Rs 1 lakh as compensation. Therefore, it is also important that you keep this in mind while keeping the stuff in the locker.
