Bank Lockers Rules: Bank locker is a good way to keep your valuables safe. You can keep your valuables safe in it, but not everything is allowed in it.
Bank Lockers Rules: Bank locker is a good way to keep your valuables safe. You can keep your valuables safe in it, but not everything is allowed in it. Many banks like State Bank of India (SBI), Bank of Baroda (BoB), HDFC Bank, ICICI Bank and Canara Bank provide lockers of different sizes, so that you can choose the right option according to your need. Do you know what you can keep in your bank locker and what you cannot?
What can you keep in a bank locker?
Jewellery and precious metals:
- Gold, silver, diamond and other precious metal jewellery.
- Gold and silver coins or bullion (bricks).
Legal documents:
- Will, property papers, adoption related documents.
- Power of attorney and other important documents.
Financial documents:
- Mutual funds, share certificates, tax receipts and insurance policy documents.
- What cannot be kept in a bank locker?
Illegal items:
- Weapons, explosives, drugs or other illegal items.
Perishable items:
- Food items that can spoil or rot over time.
Hazardous materials:
- Any radioactive, rusting items or dangerous items.
Cash amount:
- Most banks do not consider cash to be safe and insured, so it is not allowed to keep it in the locker.
Things to keep in mind while using a bank locker
- You are responsible for the things kept in the bank locker.
- Choose a locker according to your need with the right information.
- Always follow the bank’s guidelines while using the locker.
- Make a list of every item and keep the necessary documents in a safe manner.
- By using the bank locker properly, you can keep your valuables safe and avoid unnecessary expenses.
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