RBI News: Bank provides locker facility to keep your valuables safe and crores of people use this facility of bank, but recently RBI has issued instructions that if the goods disappear from the bank locker The bank will have to compensate him.
Most of the banks in the country provide locker facility. Keeping jewelery and cash in the locker makes you tension free. But, what if termites lick your money kept in the locker. Recently one such incident took place in Udaipur, Rajasthan. Two lakh rupees of the customer were kept in the locker of Punjab National Bank.
When he reached to withdraw the money, the termites licked the notes. In such a situation, the question arises that if something untoward happens with your money kept in the locker, then someone or the other is responsible for it. The answer to all these incidents is the new locker rules, which have come into force from 1 February 2023.
These are the new rules of Reserve Bank of India
As per the new locker rules of the Reserve Bank of India, if any item kept in the locker gets damaged due to the negligence of the bank, it will be the responsibility of the bank. It is the responsibility of the Bank to take necessary steps for the security of the premises. If the goods kept in the locker get damaged due to the negligence of the bank, then the bank will have to pay compensation. This compensation will be 100 times the locker rent for one year. During losses banks cannot say that they have no responsibility.
Compensation will not be given in these cases
Bank will not be responsible if the locker is damaged due to natural calamity like earthquake, flood, storm etc. Customer’s own fault.
However, if the fire or theft happens due to the negligence of the bank, the bank will be responsible for the same. Apart from this, if any employee of the bank embezzles money or commits fraud, the bank will also be responsible.
Let us tell you that the Reserve Bank of India had advised all the banks to renew the locker agreement of the existing customers of the banks from January 1. terms in the agreement.
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