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HomePersonal FinanceRBI's new bank locker rule: Big news! Before keeping money in the...

RBI’s new bank locker rule: Big news! Before keeping money in the account, know the new bank locker rule of RBI, otherwise your pocket will be empty.

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Do you also keep your money, important documents or jewelery in the bank locker? If yes, then this news may be useful for you. Often people keep their important things and money in bank locker due to fear of theft or loss. Such people should know the new rules of RBI.


In today’s digital age, people are getting used to carrying less cash. He is preferring to make online payment. The bank plays a big role in fulfilling all these facilities. Which bank is that? It depends person-to-person, but the rules applicable in that bank are decided by RBI. One such rule was made by RBI a few days ago related to bank locker system. The rule was already there, just some changes were made in it. If you use a bank locker then you should know about this new rule.

What is the rule of RBI?

Many changes have been made in the new bank locker rules of RBI. According to the new rule, if a person keeps his belongings in a bank locker and it gets damaged, then it will be the responsibility of the bank to pay the damages. The bank will be obliged to pay 100 times the annual rent of the locker to the customer. At the same time, if there is a fire, robbery or any other kind of calamity in the bank, then the bank itself will compensate the customer for the loss caused due to it.

How can I get a locker in the bank?

If you want to get a locker in the bank, then you will first have to go to the branch where you want to open your locker. This can be any of your nearest branches. Then the application will have to be given there. The locker is allotted to you on first come first serve basis. If after applying, your name appears in the waiting list of the bank, then you are given a locker. For this, some rent is charged from you on annual basis.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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