New Delhi. Last year, RBI had made some changes in the rules related to bank lockers. These rules came into effect in January this year. The purpose behind the change in these rules was to curb the incidents of theft of properties kept in lockers. Before the change in rules, banks used to shirk responsibility for any item stolen from the locker, but now they will not be able to do so.
Generally, in case of bank theft, they distance themselves by saying that the bank is not responsible for the goods kept inside the locker. After the implementation of the new rules, if the items kept in the locker get damaged or stolen, banks will not be able to step back from their liability. Let us see what are the new changes in bank locker related rules from January 1, 2022.
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Will have to make full compensation
According to the new rules regarding bank locker issued by RBI, if there is any damage to any item kept in the locker, then the bank will compensate it 100 percent. In view of the increasing cases of theft of precious jewelery and other properties kept in bank lockers, RBI has made this change in the rules.
locker list
Apart from this, RBI has assigned another responsibility on the banks. RBI has said that now banks will have to tell how many empty lockers they have and how much is the waiting period for how many lockers. This is expected to increase transparency regarding bank lockers.
cap on desired fare
You can rent locker from banks for 3 years. In return, banks quote one thing as fare and the actual fare after including various charges is something else. Changes have been made in this also. Suppose the rent of a locker is Rs 10,000, then the bank will not charge you more than Rs 30,000 in rent in 3 years. If any other charges are to be levied, the same will be informed to the customer in advance. Apart from this, a rule has also been brought to prevent fraud that if you use your locker, you will be informed about it through SMS or email. With this, no one else will be able to use your locker.
Tags: Banking services, Business news, Money Matters, Reserve bank of india, Shaktikanta Das, Bank
FIRST PUBLISHED : November 30, 2022, 1:04 PM IST