Where do you keep your valuables? The answer would be, in the bank locker. Actually, banks provide locker facility to their customers, where you can keep your valuables without worry, because in case of theft or robbery in the bank, the banks return the money to you with compensation. Because the bank authority is responsible for the security of the goods kept in the bank locker.
However, there are some cases where the bank is not responsible for the items kept in your locker and in such a situation, if your money goes missing, you may have to suffer huge losses. Although this may surprise you, it is true. Actually, in some cases banks do not take responsibility for your locker, so if you are also going to keep your valuables in a bank locker then it is very important to know the rules of the locker facility.
Suppose you have kept your valuables in a bank locker and what will happen if the bank gets stolen or robbed? Actually, when something like this happens in the locker, the bank itself contacts the customers. Clients are given a form and an affidavit. In this, customers have to fill the details of the goods kept in their locker, after which the bank checks and reimburses the amount. That means the bank gives 100 times compensation as per the service charge of the customer. If someone has paid a service charge of Rs 10 thousand, then the bank will give him compensation up to Rs 10 lakh.
What will happen if there is a fire in the bank and the stuff kept in your bank locker gets burnt? Actually, in such cases also the bank is responsible and it is considered negligence on the part of the bank. According to the rules, banks give 100 times compensation to the customers even in this situation.
Now you must be wondering what are the cases where the bank is not responsible for the items kept in the locker. Actually, if the bank suffers loss due to natural disaster then the bank does not give you any compensation for the items kept in the locker. For example, the bank does not give any compensation to you or your locker in case of earthquake, lightning or flood.
