New Bank Locker Rules: Under the new guidelines of RBI, if the locker has not been opened for a long time, then banks have been allowed to open the locker. Even if the rent is being paid regularly.
New Delhi: If you also keep your precious jewelery in the bank locker, so that it is safe, then there is very important news for you. There is a high possibility of theft or loss of valuables in the house, so people keep the same in the bank locker. But now this feature of yours can give you problems. According to the new rules of RBI, if you do not open the locker for a long period, then banks can break your locker.
New guidelines for banks
Reserve Bank of India (RBI) has issued revised guidelines regarding safe deposit lockers. In this new guideline, banks have been allowed to open the locker, if the locker has not been opened for a long time. Even if the rent is being paid regularly.
RBI amendedÂ
Keeping in view the various developments in the field of banking and technology, the nature of consumer complaints and the feedback received from banks and Indian Banks’ Association, RBI has recently revised its guidelines regarding safe deposit lockers. amended and also gave new instructions to banks regarding inoperative bank lockers.
Locker can break the bank
The revised RBI guidelines state that the bank will be free to break down the locker and transfer the contents of the locker to its nominee/legal heir or dispose of the items in a transparent manner. The locker-tenant cannot be traced even if it remains dormant for a period of 7 years and regularly paying rent. But at the same time protecting the public interest, the central bank also issued detailed instructions that should be followed before breaking any locker.
Bank will alert the locker taker
RBI guidelines state that the bank will give notice to the locker-hirer through a letter and send email and SMS alerts to the registered email id and mobile phone number. If the letter is returned without delivery or the taker is not traced to the locker hirer, the bank shall give reasonable time to the locker hirer or any other person interested in the contents of the locker to respond. Will issue public notices in letters (one in English and the other in local language).
Locker Opening Guidelines
The central bank’s guidelines further state that the locker should be opened in the presence of an official of the bank and two independent witnesses and the entire process should be video-recorded. RBI further said that after the locker is opened, the contents will be kept in a sealed envelope with detailed inventory inside a fireproof safe in a tamper proof manner till claimed by the customer.
