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BANK LOCKER COMPENSATION
HC orders father, govt to pay Rs 25 lakh compensation to two Bhatia sisters who converted to Islam, says they are free to live with anyoneThe Allahabad High Court has ordered the father of two adult sisters and the Uttar Pradesh government to jointly pay Rs 25 lakh compensatio...- SBI bank locker Rs 50 lakh jewellery theft: What happens if your valuables goes missing or gets stolen? How much will bank pay?A Kanpur woman has alleged that jewellery and valuables worth around Rs 50 lakh went missing from her SBI bank locker. Here’s what RBI rule...
- Can DigiLocker replace your bank locker? What you need to know about storing important documentsIndians face a choice between traditional bank lockers and the government's DigiLocker for important documents. While DigiLocker offers con...
- Gold sitting idle at home? Here's how it could earn you an income and what to watch out forIndians traditionally hold gold as jewellery and a store of wealth, but it often sits idle. Gold leasing offers a way to earn returns by le...
- AI is reshaping hiring, making evidence-based verification more critical: Millow's Karan BhattyAI is revolutionising Indian hiring by enhancing candidate preparation and employer verification processes. Companies now prioritise eviden...
- The safe keepers: Inside India's booming locker economyIndia’s locker economy is booming amid rising gold prices and household wealth. While banks remain the preferred repository, private vault ...
- Delhi bank locker row: Rs 60 lakh jewellery loss claim sparks big questions on liability and compensation; Know your rights and how to protect your valuablesA Delhi woman reported Rs 60 lakh worth of jewelry missing from her bank locker, prompting a police investigation. Despite no signs of forc...
- Bank locker guidelines: Is the bank responsible for loss or damage to locker contents?
- Bank ordered to pay Rs 10 lakh to customer for loss of jewellery from bank lockerState run UCO Bank was ordered to pay Rs 10 lakh compensation to a customer who maintained a bank locker in the bank's Civil Lines, Allahab...
- SBI locker update: SBI asks customers to execute revised locker agreementIf you have submitted a modified bank locker agreement on or before December 31, 2022, locker holders may need to sign and submit an update...
- You may have to sign revised bank locker agreement againThe Reserve Bank of India (RBI) has issued a circular on January 23, 2023 asking banks to ensure that model locker agreement is followed. I...
- New bank deposit locker agreement rules: 5 things to knowThe bank will not be liable for any damage or loss of locker contents caused by natural calamities like earthquakes, floods, lightning, or ...
- New bank locker rules: RBI extends deadline for banks to renew locker agreementsNew bank locker rules: Banks are recommended to take steps to make it easier for their customers to execute new or additional stamped agree...
- Banks are not adding this clause to the new locker agreement: How does this impact you?The Reserve Bank of India has asked banks to get the new locker agreements signed with their exisiting customers on or before December 31, ...
- Now, a policy to protect bank lockerThe policy offers a cover against risks including fire, earthquake, burglary, holdup or any act of terrorism.
- Experts, bankers differ on liability for loss of locker itemsThe RTI disclosure by RBI and 19 PSU banks had said that they were not liable for damage to the locker contents by any cause, including fir...
- Your bank locker is not as safe as you think; here's howThe RBI says that banks aren't responsible for the contents of the lockers, though they are required to take precautions for their protecti...
- Bank lockers: How much can you entrust them with your valuable deposits?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.
- 5 things to keep in mind while renting a lockerBank safe deposit lockers are a good option for safeguarding your valuables anddocuments. The rules of owning one are explained here.
- PNB has compensated its customers: GovtPNB has compensated upto Rs 63.34 lakh to some of its customers whose lockers were tampered in 04-05.
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