Know These Important Things Before Opening Bank Lockers

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New Delhi, 13th April 2021: Bank Locker is a facility through which you can keep essential goods safe in the bank. If you are afraid that your gold may be stolen or lost, then a bank locker is a good facility for you.

But there are some questions that come to our mind about the bank lockers, such as how much it will cost, what precautions should be taken, etc.

The demand for bank lockers has always been very high. Therefore, the customer should always try to open this account close to his home. This is because the locker holder is expected to operate his account once a year. Locker facility is provided to the caster based on availability in the bank. After which an agreement is between the bank and the customer.

The bank locker places the account holder in three categories. The first category is the low-risk category, where the customer’s account remains inactive for more than a year. So action can be taken against them. At the same time, medium riskers also get almost the same time, but banks take very quick action on high-risk interactive customers. According to the guidelines of the Reserve Bank of India, if banks remain active for three years, then action is taken on them.

Locker rent depends on many things. For example, the bank branch depends on the size or location of the locker. The customer also has to maintain a certain balance. So that annual payments can be made easily.

Locker facilities can also be opened by more than one person. The nominee gets all the rights fixed on the death of the account holder. But if Nominal is not mentioned legally, then no one has the right to claim.