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Bank Locker Rules: Know the RBI rules before taking a bank locker – Check rule details here

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Bank Locker Update

Locker facility is provided by many banks. In this locker, people keep their important documents, jewellery or any other item which needs a lot of security. Due to this, it is also called Safe Deposit Locker.

Many people think that they can keep anything in the bank, but according to the rules of the Reserve Bank of India, some things are prohibited in it. Let us know what are the revised rules of the Reserve Bank of India.

What can be kept in a bank locker?

According to the Reserve Bank of India, a bank locker can be used only for legitimate purposes. Valuables like jewellery and documents can be stored in it. These things of yours remain completely safe in the locker.

What things are prohibited to be kept in a bank locker

  • According to the website of State Bank of India, first of all you cannot keep cash or currency in the locker. 
  • Apart from this, things like weapons, explosives, drugs etc. cannot be kept in any bank locker. 
  • If there is any perishable item then it also cannot be kept in the locker. 
  • Any radioactive material or any illegal thing or any thing which is prohibited as per Indian law also cannot be kept in a bank locker. 
  • No such material can be kept in the bank locker which may pose a threat to the bank or any of its customers.

Bank locker opens with two keys

Two keys are required to open a bank locker. One key is with the customer and the other with the bank manager. Unless both keys are used, the locker will not open. Now the question is what will happen if you lose the key of the bank locker? What are the rules regarding bank locker? Let’s know.

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