Bank Locker Signature Deadline: Banks are sending alert messages and emails to their locker customers asking them to come to the branch and sign the revised agreement. Customers should do this work before the deadline.
If you have taken a bank locker and have not signed the revised agreement till now or the bank has not yet sent you information about it, then immediately go to the bank branch and settle this work. Otherwise, you will not be able to get additional benefit.
The Reserve Bank of India (RBI) had extended the process of agreement renewal for existing safe deposit locker customers for banks till April. After this, last month, RBI has issued revised bank locker agreement date with changes in the rules. RBI said that banks have not yet informed a large number of customers due to which customers could not sign the revised locker agreement agreement.
RBI said that the deadline has been extended to save bank locker customers from hassles and to make the process relaxed. RBI said in the circular that banks are advised to inform all their bank locker customers about the revised requirements. RBI has said that banks will have to ensure that by June 30, 2023, 50 percent of the customers sign the Revised Bank Locker Agreement.
Giving relief to all banks, the Reserve Bank of India said that a deadline of September 30, 2023 is being set to complete 75 percent of the number of bank locker customers to sign the revised agreement. After this, all 100% bank locker customers will have to sign the revised agreement. In such a situation, almost all banks including SBI are sending alert messages and emails to their locker customers asking them to come to the branch and sign the revised agreement.
What does the Bank Locker Agreement Policy 2023 say
Under the Bank Locker Agreement Policy 2023, the bank enters into an agreement with the customer while giving the locker to the customer. A copy of this Agreement on paper duly stamped and signed by both the parties is given to the Locker Hirer for his/her rights and responsibilities.
Whereas, the original copy of the agreement remains with the branch of the bank where the locker facility is given to the customer. RBI has made some amendments in the locker rules from January 1, 2023, after which the need to sign renewal locker agreement is being emphasized.
