Bank Deposit Locker New Rules: According to the new rules, it will be necessary for banks to send SMS and email (e-mail) of locker operations to the customers.
Bank Deposit Locker New Rules: From the beginning of next year, the rules regarding Bank Deposit Locker will change. From January 1, 2022, the new rules of bank locker will be applicable. The Reserve Bank of India (RBI) has issued new rules in this regard. If you also use bank locker, then from next year it is important for you to understand that what will change in its use.
There will be major changes in the operation
According to the new rules of the Reserve Bank, it will be necessary for banks to send SMS and email (e-mail) of locker operations to the customers. Locker applications will be taken from all the customers and they will be issued a wait list number. Bank’s branch wise locker allotment information and waiting list will be linked to the core banking system.
Such customers will also get the facility
According to the new rule, after January 1, 2022 KYC, non-banking customers will also be able to get the facility of bank locker. It will depend on the banks. The bank will have the right to take action on suspicion of illegal or shocking goods. The agreement attached to the locker will be between the bank and the customer through a stamp.
New rules for shifting of lockers
Banks will be able to shift the locker from one place to another only after informing the customer. Term deposit can be used as locker rent. The bank will have to take adequate steps to protect the strong room/vault. It will be necessary to keep the CCTV footage of entry and exit for at least 180 days.
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