Safe Deposit Locker - FAQs
The banker is the Lessor or a Landlord, while the locker holder is the Lessee or a Tenant. In addition to this the RBI has defined the relationship as a ba...
Mon, 11 May, 2020 at 5:42 PM
Lockers accounts are accessed on the modes - Self, Either or Survivor, Former or Survivor, Anyone or Survivor & Jointly.
Mon, 11 May, 2020 at 5:51 PM
Yes. Nomination facilities are available on lockers but differ to some extent from the nomination on deposits.
Mon, 11 May, 2020 at 5:53 PM
Bank can break open the locker for non- payment of rent after following proper procedure of notice and approval from the head office.
Mon, 11 May, 2020 at 5:54 PM
Customer shall be served 15 days’ notice in advance when bank decides to break open the locker without request of the hirer/s.
Mon, 11 May, 2020 at 5:56 PM
Lockers shall not be allotted in the names of Minors and to those who are not eligible for contract under the law.
Mon, 11 May, 2020 at 5:55 PM
When the locker is surrendered at the request of the hirer/s the charges for the unutilized period if any, shall be refunded for the remaining complete quar...
Mon, 11 May, 2020 at 5:58 PM
When the locker is surrendered at the request / instructions of the Bank, the rent for the unutilized period shall be refunded.
Mon, 11 May, 2020 at 6:13 PM
Only one nominee is permitted per deposit irrespective of the mode of deposit and the nominee comes into the picture only on the death of all the joint hold...
Mon, 11 May, 2020 at 6:00 PM
a) At the request of the hirer(s) due to loss of key b) In case the locker is not operated for a period of more than one year by high-risk category c...
Mon, 11 May, 2020 at 6:10 PM