Before using bank account locker, know this special rule of RBI, otherwise you will incur huge loss.

Before using bank account locker, know this special rule of RBI, otherwise you will incur huge loss.

Utility News Desk!!! Nowadays people consider it safer to keep valuables in a bank locker instead of keeping them at home. However, many people have a question in their mind whether it is safe to keep their valuables in a bank locker. What happens if the items kept in a bank locker are stolen? Will you receive your goods? So let us know what are the bank locker rules? What happens if items are stolen from a bank locker?

The Reserve Bank of India (RBI) has changed many rules related to bank lockers. According to the new rule, if you keep your belongings in a bank locker and the goods get damaged then you do not need to worry.

Banks will be responsible if goods are stolen or damaged. The bank has to pay compensation if the goods are stolen or damaged. Even if there is a fire in the bank and the goods are burnt, the bank will compensate for the entire loss.

Do you know how to use bank locker facility? So we will tell you about it in this story. To avail this facility, you will first have to go to the bank. To avail locker facility in the bank an application has to be submitted.

Also, locker facility in the bank is available on first come first serve basis. If a customer’s name is in the waiting list then he will be given a locker. Banks charge a small annual fee for this. If you take a locker, you will have to pay a small rent for it. First you have to apply for a work visa.

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