Page 2 - Bank Lockers

Valuables worth Rs 2.5 crore go missing from Kanpur bank locker

The theft came to light on March 14, when Manju Bhattacharya, one of the customers, checked her locker but found her valuables missing.

Cap on term deposit while opening bank locker will end arbitrariness

Your bank will bear limited liability for the contents of your locker, so buy insurance

RBI issues revised norms for hiring of bank lockers: Check details here

Under new norms, the liability of banks will be limited to 100 times its annual rent in case of fire, theft, building collapse or frauds by bank employees

RBI issues revised instructions for banks on locker management

As per the revised guidelines, banks will be required to incorporate a clause in the locker agreement prohibiting the hirer from keeping anything illegal or hazardous in lockers

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