Lost your bank locker keys? Know how you can replace it, how much it will cost and your legal rightsMany customers are unsure whether banks keep duplicate keys, how lockers are opened if a key is lost, and who bears the cost. While the pro...
21 Jan, 2026, 11.46 AM IST
Ensure nominations in all accounts, lockers: RBI to banksThe Reserve Bank has directed banks to ensure deposit accounts and safety lockers have nominations to ease claim settlements. Observing man...
17 Jan, 2025, 10.16 PM IST
MyGate founder Vijay Arisetty joins Aurm as founder and CEOVeteran armed forces member and MyGate founder Vijay Arisetty has been appointed as founder and CEO of Aurm, an asset protection firm in Mu...
11 Jun, 2024, 12.36 PM IST
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...
26 Dec, 2023, 10.24 AM IST
Loss of items in bank locker: How much will the bank pay you in case of fire, theft, building damageThe rent should be paid in full before the start of the fiscal year. To ensure that the customer is aware of their rights and obligations, ...
19 Oct, 2023, 02.03 PM IST
Latest bank locker charges of HDFC Bank, ICICI Bank, SBI, Yes Bank, Canara BankA safe deposit locker is a rented locker that a bank offers you to store your valuables. Latest bank locker charges of HDFC Bank, ICICI Ban...
17 Jun, 2023, 02.14 PM IST
What are the new guidelines unveiled by RBI for bank locker users? Pankaj Mathpal explainsSee exactly what happens is that if for example, customer has not paid rent for a long time then banks can open the locker as they had this...
06 Jun, 2023, 04.01 PM IST
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...
24 Jan, 2023, 01.13 PM IST
New locker rules: Banks need to provide new locker agreement to customers by Jan 1, 2023According to the RBI notification, this arrangement must comply with the updated instructions as well as the Supreme Court's directives in ...
09 Jan, 2023, 11.41 AM IST
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, ...
03 Jan, 2023, 10.25 AM IST
RBI revises lockers rules: Bank liability limited to 100 times of annual rentThe revised instructions will be applicable to both new and existing safe deposit lockers and the safe custody of articles facility with th...
18 Aug, 2021, 09.30 PM IST
Supreme Court says banks must inform locker holders in writing before breaking them openBreaking open a locker without following the legal procedure would be construed as gross negligence on the part of the bank, a top court be...
19 Feb, 2021, 08.02 PM IST
Taxmen vault into lockers; safekeeping business hitAfter note ban in 2016, I-T raids add to the woes of private locker firms catering to small traders.
13 May, 2019, 09.25 AM IST
Ensure safety of customers' lockers: RBI to banksThe Reserve Bank has asked banks to ensure customers' lockers remain safe and there is "no negligence" that could render banks liable to cl...
08 Aug, 2017, 03.38 PM IST
Why bank lockers are better than home safesThe RBI has stated that banks will not compensate if the contents of the locker are stolen or damaged in a natural calamity.
10 Jul, 2017, 06.30 AM IST
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...
10 Jun, 2015, 10.38 AM IST
- Banks in Noida assure safety of customers' assets
About 104 Bank branches, which have been operating in Noida from residential areas for decades, have been asked to shift to other locations.
04 Feb, 2012, 11.20 PM IST