Navigating The New Bank Locker Agreement: What Customers Need To Know And Keep In Mind | ET Now

Описание: Let's talk about the new bank locker agreement. So June 30, 2023, the Reserve Bank of India ordered all banks to ensure that at least 50% of its locker holders have signed the new agreement Banks must also get 75% of their customers to sign the contract by September 30 and achieve 100% compliance by December 31. So what is that you being a bank locker customer or owner should keep in mind? As per the new rules, customers can keep only legitimate item in the locker, which is your jewelry, documents etc. It formally rules out storing any illegal item like hazardous substances etc. On any suspicion, the new rule gives the bank the right to take appropriate action against the customer. Now, bank will also be liable to the customer for fire, theft, burglary, building collapse etc. Meaning, it cannot deny its responsibility for any loss or damage to the contents of the locker. The bank is also liable if there is damage due to fraud by an employee. Watch the complete video now to know more.
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