Where do you keep your valuables? The answer will be, in the bank locker. Actually, most of the banks provide locker facility to their customers, where you can keep your valuables and become worry free, because in case of theft or robbery in the bank, the bank returns your money with compensation. Because the responsibility of the safety of the items kept in the bank locker lies with the bank authority.
However, there are some cases in which the bank is not responsible for the items kept in your locker and in such a situation, if your money disappears, you may have to suffer a huge loss. Even though this may be shocking for you, but it is true. Actually, in some cases, the bank does not take responsibility for your locker, so if you are also going to keep your valuables in the bank’s locker, then it is very important to know the rules related to the locker facility.
What happens if there is a theft or robbery?
Suppose you have kept your valuables in a bank locker and if it gets stolen or there is a robbery in the bank, what will happen? Actually, if any such incident happens in the locker, the bank itself contacts the customers. Customers are given a form and affidavit. In these, customers have to fill the details of the items kept in their locker, after which the bank investigates and gives compensation. That is, the bank compensates 100 times the customer’s service charge. If someone has paid a service charge of Rs 10,000, then the bank will give him compensation up to Rs 10 lakh.
What happens in case of a fire?
What will happen if a fire breaks out in the bank and the things kept in your bank locker get burnt in it? Actually, in such cases also the bank is responsible and it is considered as negligence of the bank. As per the rule, banks give 100 times compensation to the customers even in this situation.
When do I not get my money back?
Now you must be wondering what are the cases in which the bank is not responsible for the items kept in the locker. Actually, if the bank suffers a loss due to natural disasters, then the bank does not give you any compensation for the items kept in the locker. For example, in case of an earthquake, lightning strike or flood, the bank or your locker does not give any compensation.
