The Central Reserve Bank has made it mandatory to renew bank locker agreements in a phased manner. Its deadline has been fixed as 31st December.
That means, those who have a locker in the bank, they have to go to the bank and submit the new locker agreement by December 31, 2022. If you do not renew your bank locker agreement, your bank locker will be seized.
How to renew bank locker agreement?
To renew the bank locker agreement, you will first have to go to your bank branch. After this you will have to apply to the bank to renew the bank locker agreement. After this, stamp paper and e-stamping etc. will be provided by the bank. After renewing the bank locker agreement, a copy of it will also be given to you by the bank.
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Benefits of renewing bank locker agreement
Locker Security: The biggest advantage of renewing a bank locker agreement is that the bank will then become responsible for the security of your belongings, so that there is no loss to your belongings in case of theft, fire, robbery, fraud and bank building collapse. .
No locker seizure: One of the biggest advantages of renewing bank locker agreement is that your locker will not be seized. You will be able to easily put and take out your luggage in the locker.
Compensation: After renewing the bank locker agreement, if there is any damage to your belongings and it is the bank’s fault, then you will also get compensation for the same. The Bank is not liable for any damage or loss of contents of the locker due to natural calamities or acts of God, such as floods.
