The Reserve Bank of India had set December 31, 2023, as the deadline for all banks to get all locker holders to sign a revised bank locker agreement. The central bank ...

If a bank locker holder doesn't sign the updated locker agreement, their locker might be sealed as the banks are seeking the RBI's and government's permission to send final notices to non-compliant ...

Banks provide safe deposit lockers to help customers securely store their valuables. The annual rent for these lockers varies depending on their size and the branch location, and it must be paid in ...

If you have rented a bank locker, it is vital to renew your contract as soon as possible. In fact, it was supposed to be done at the dawn of the New Year i.e., on or before January 1, 2023 by visiting ...

New Delhi: The Reserve Bank of India (RBI) has introduced new rules that require all locker holders to sign an updated rental agreement with their bank. Failing to do so may lead to your locker being ...

RBI has not extended the December 31 deadline for updating bank locker rental agreements, making it difficult for customers to access their lockers. Banks have introduced digital locker agreements, ...

Customers with bank lockers risk losing access if they don't sign revised rental agreements, with about 20% facing potential denial due to missed deadlines. Banks are seeking authorization to issue ...