Joint bank Fixed Deposit accounts often have an 'either or survivor' clause. This allows the surviving holder to access funds after the oth...

A Delhi woman reported Rs 60 lakh worth of jewelry missing from her bank locker, prompting a police investigation. Despite no signs of forc...

Death claim settlement: SBI has issued revised guidelines to provide a harmonised framework and to standardise the documentation for the se...

The RBI has issued revised norms mandating banks to settle claims on deceased customers’ accounts and lockers within 15 days, with compensa...

Banks offer safe deposit lockers for secure storage, with annual rent varying by size and location, payable in advance. Besides rent, charg...

The Reserve Bank of India (RBI) mandates banks to settle deceased customers' deposit accounts, safe deposit lockers, and safe custody artic...

RBI Governor Sanjay Malhotra announced on August 6, 2025, that the process for legal heirs to access bank accounts and lockers of deceased ...

State Bank of India simplifies death claim settlements. Nominees can file online for savings accounts and fixed deposits. Visit the Decease...

Both public and private sector banks offer this facility. However, rental charges may vary depending on factors like locker size, branch lo...

The Reserve Bank of India has asked banks to get the new locker agreements signed with their exisiting customers on or before December 31, ...

When opening a locker at the State Bank of India (SBI) or any other bank, customers must ensure that they register for the nomination facil...

PNB has a simplified policy and procedure in place to help with the settlement of claims for deposits, locker contents left in the accounts...

Banks have also been directed to maintain a branch-wise list of vacant lockers as well as a wait-list for the purpose of allotment of locke...

Here is the procedure to access the bank locker by the nominee in case of death of holder whether held individually or jointly.

The Reserve Bank has asked banks to ensure customers' lockers remain safe and there is "no negligence" that could render banks liable to cl...

According to Section 152 of the Indian Contract Act, a bank is not responsible for any loss or damage to the contents of a locker.

Issuing fresh guidelines to tackle the security threat, the Reserve Bank of India today permitted banks to break open a locker if it remain...