Charges you pay for opening a bank locker and three other rules you should know3 min read . Updated: 12 Dec 2019, 11:01 AM IST
- Usually, banks take a security deposit which covers rent up to three years
- Banks are not be liable to compensate if the contents of the lockers are stolen or damaged due to a natural calamity, RBI said in 2017
Most of us like to keep our valuables in bank lockers rather than home safes. But how safe are bank lockers? The Reserve Bank of India said in 2017 that banks would not be liable to compensate you if the contents of your locker are stolen or damaged due to a natural calamity. Still, they are considered safer than other options. If you are considering taking a bank locker, here are five things to keep in mind.
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