Bank safety locker
1 year ago
Can any bank make amendments in banking act 1949 ?
2. If a bank loses any document / Agreement papers related to safe lockers which had nominee’s name on it, then who is responsible, what penalty can be imposed, should FIR be lodged by the bank and if not lodged how serious is the issue
3. What was the format of nomination in case of bank lockers in the year 1972
4. What procedure to be followed by the nominee to operate the locker. Can bank say no to the nominee and follow no nomination procedure
A.Dear Client,
The RBI notification says: "It is the responsibility of banks to take all steps for the safety and security of the premises in which the safe deposit vaults are housed. It has the responsibility to ensure that incidents like fire, theft/ burglary/ robbery, dacoity, building collapse do not occur in the bank's premises due to its own shortcomings, negligence and by any act of omission/commission. As banks cannot claim that they bear no liability towards their customers for loss of contents of the contents of the locker, in instances where loss of contents of locker are due to incidents mentioned above or attributable to fraud committed by its employee(s), the banks' liability shall be for an amount equivalent to one hundred times the prevailing annual rent of the safe deposit locker."
https://allinonebanking.co.in/nomination_for_deposits__lockers for nomination in case of bank lockers in 1972
The nominee will be allowed to access the locker after making an application to the bank with the following documents:
Copy of hirer's death certificate
Photo identification proof of the nominee as per KYC guidelines
Acknowledgment as per form
The RBI notification says: "It is the responsibility of banks to take all steps for the safety and security of the premises in which the safe deposit vaults are housed. It has the responsibility to ensure that incidents like fire, theft/ burglary/ robbery, dacoity, building collapse do not occur in the bank's premises due to its own shortcomings, negligence and by any act of omission/commission. As banks cannot claim that they bear no liability towards their customers for loss of contents of the contents of the locker, in instances where loss of contents of locker are due to incidents mentioned above or attributable to fraud committed by its employee(s), the banks' liability shall be for an amount equivalent to one hundred times the prevailing annual rent of the safe deposit locker."
https://allinonebanking.co.in/nomination_for_deposits__lockers for nomination in case of bank lockers in 1972
The nominee will be allowed to access the locker after making an application to the bank with the following documents:
Copy of hirer's death certificate
Photo identification proof of the nominee as per KYC guidelines
Acknowledgment as per form
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