Ways to reduce your risk when bank doesn't compensate for theft from locker

Prudence over choice of bank, a detailed item inventory are a few of the ways

If you expect your bank to compensate you for losses in case of theft or burglary from your locker, you may be in for a shock. Banks are not liable to compensate you for such losses. This was revealed in an RTI (Right to Information) response by the Reserve Bank of India and several public sector banks. Banks have contended that as far as the locker service goes, their relationship is that of a lessor (one who leases space) and lessee, and the latter alone is responsible for the safety of contents in such a relationship. Since banks will not