Bank Locker Rule If you also have a locker in the bank but are not using it for many months. In this case your locker may be closed. Now if you want to take advantage of this facility again, you will have to first go to the bank and apply. Let us know how you can start bank locker again.
Most of us prefer to keep our valuables in bank lockers. We consider bank locker more safe than home. We are also afraid of keeping valuables in the house lest someone steal them.
Just like we like to keep our savings in the bank, in the same way we like to keep our jewellery, home documents in the bank only. Many times we keep the goods in the locker of the bank but do not break it.
If you have also kept the goods in the locker of the bank but have not broken it, then you must check once whether the locker has been de-activated. If the locker is not broken for a long time, it becomes inactive.
The Reserve Bank of India has also issued guidelines regarding the locker of the bank . It has been told that if you do not break the locker for a long time, then it gets closed. Even if you are paying its rent regularly, your locker may become inoperative. Recently, RBI has issued new guidelines regarding bank locker. In this, the old locker rules of the bank have been amended. In this amendment, guidelines have also been issued regarding the closed locker of the bank.
What happens after the locker is closed
RBI said that if a person has not broken the locker within 7 years, then his locker will become inactive. In such a situation, the bank will first wait for the claim of that customer. If the person does not claim but the locker rent is being paid regularly. Then the bank will break open that locker.
Rules for breaking inactive lockers
As per RBI rules, the bank will first transfer the locker to the nominee or his legal heir. In case the nominee is not traceable, the Bank will first inform the Bank Locker-hirer through a letter. Along with this, alert will be sent by mail on registered email id and message on mobile number. If the letter sent by the bank is returned undelivered or the person is not traceable, the bank informs in the daily newspaper.
Bank issues public notice. In this intimation the Bank gives notice to the locker-hirer or any other person with a reasonable time. These articles are given in English and the other in the local language. Any person who is interested in the same has to answer to the bank. If still no response comes, then the bank breaks the locker.
Central bank guidelines
The locker is broken open by an official of the bank. When the goods are taken out from the locker, the presence of two witnesses is necessary. There is a video recording of this entire process. If there is a Smart Vault, then the ‘ Vault Administrator ‘ password is used to open the locker. After opening the locker, it is handed over to the senior officer.
