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 be kept in a bank locker?
- Jewellery and precious metals:
- Jewellery made of gold, silver, diamonds and other precious metals.
- Gold and silver coins or bullion (bricks).
Legal documents:
- Will, property papers, adoption related documents.
- Power of Attorney and other important documents.
Financial documents:
- Documents related to mutual funds, share certificates, tax receipts and insurance policies.
What cannot be kept in a bank locker?
Illegal items:
Weapons, explosives, drugs or other illegal items.
Perishable items:
Food and drinks that can spoil or rot over time.
Harmful Ingredients:
Any radioactive, corrosive or dangerous goods.
Cash amount:
Most of the banks do not consider cash as safe and insured, hence keeping it in the locker is not allowed.
Things to keep in mind while using a bank locker
- You are responsible for the things kept in the bank locker.
- Choose a locker as per your requirement with the correct information.
- Always follow the bank’s guidelines while using the locker.
- Make a list of every item and keep the important documents safely.
- By using the bank locker properly, you can keep your valuables safe and avoid unnecessary expenses.
