locker facility. As per RBI’s revised guidelines on lockers, the revised Locker Agreement is to be executed by all the existing locker holders. The RBI has set December 31, 2023 deadline to execute revised locker agreements, in a staggered manner.
Bank lockers can be used only for legitimate purposes such as storing of valuables like jewelry and documents but not for storing any cash or currency.
Latest bank locker charges of HDFC Bank, ICICI Bank, SBI, Yes Bank, Canara Bank
According to SBI’s revised locker agreement, “Only for legitimate purposes such as storing of valuables like jewelry and documents but not for storing any cash or currency.”
These items cannot be stored in a bank locker, as per the PNB’s revised locker agreement.
According to the PNB locker agreement, “Chemicals, weapons, explosives, perishable items, narcotics, and other such dangerous, illegal items are NOT allowed to be stored in Safe Deposit Lockers.”
As per the Kotak Mahindra Bank website, “You may use air-tight (zip-sealed) plastic bags/pouches for safekeeping paper and other similar items to avoid exposure to humidity. You may also choose to laminate paper documents for longevity. Jewellery/ornaments and metal based articles can be stored in plastic/metal boxes which fit inside the locker. Please note that the bank does not provide these storage items.”
Also read: Rs 18 lakh cash in bank locker destroyed by termites; Know the rules regarding keeping cash in your bank locker