Or, you could pay locker rental in advance for 10-15 per cent lower rent or security deposit. I wish You wrote it two years ago. Also Bank asked for unlimited amount of deposit for locker. These lockers are available with many banks in India and each bank has specific branches where they have these lockers. Discounted prices apply only to small and medium lockers.
The lockers are built to be safeand well equipped with alarms and other alerting devices. They will take the original and put a acknowledgement number in the copy and will give the copy back to you. The articles present On TechAccent. This change now allows our customers cross currency transfers within their accounts. However, Bank normally takes the following precautions before handling over the contents.
In case of a theft, at least you will know what was stolen. So the annual rent is calculated from the date you open the locker to the same date next year. Is there any norm, we should get locker in these many days or something. Also, a savings account at the branch makes it easy, for the bank,to collect annual charges. Do keep a written record of your contents in the locker. But, a bank asks such customers to open a savings account.
Both keys have to be used together to open the locker. You will be charged Rs 21,796 for three years for an A-type locker and Rs 59,000 a year for an L-type. We will see now, how you can use. Another public sector bank, Bank of Baroda, too, gives lockers only to its customers. If you are keeping documents in lockers, it is wise to get them laminated.
Having your locker in the same branch in which you hold an account means you can pack in a locker transaction with your other banking transactions. Apart from the usual documents required for opening a bank account identity and address proof , banks conduct a signature verification process before renting out a locker. Responsibility of the bank The Bank in their agreement typically declare that bank will not be responsible or liable for the contents kept in the locker by the hirer. It is important to know the pattern in order to pay the rent without defaulting. Almost all of you might have faced this.
Why should they believe you? It may, however, in its own absolute discretion extend the time or date fixed for submission and in such an event State Bank of India will notify all Respondents accordingly. The charges amount to Rs 3,000, Rs 3,700 and Rs 5,000. The bank allows 12 locker visits without any charge in a year. As many as 45 lockers had been robbed in the November 2010 episode. For further information please visit:. But one banker clearly told her that the day she breaks the deposit, she will lose the locker. Number of lockers Limited number of lockers per bank; can be added 2,000-4,000 per branch Cost Annual rental depends on the size of the locker and from branch to branch , security deposit or fixed deposit.
All submissions, including any accompanying documents, will become the property of State Bank of India. Well bank locker is the safest place to store these precious items. Please note the promotional price applies to first and second year. I made a fixed deposit for Rs 20000 before opening the locker, and it was made for 3 years. If there is no response from the customer then, the bank has the rights to break open the locker in the presence of police in a legal manner. Professionalism The selected bidder should provide professional, objective and impartial advice at all times and hold the State Bank of India's interests paramount and should observe the highest standard of ethics while executing the assignment.
Our article discusses nomination for bank lockers , importance etc in detail. Rules are same for all banks and branches. How do we convince them what was inside and of what worth? Bank lockers provide security of a customer's assets but this comes at a modest price. I am sure that complaining to banking ombudsman can be done online, and I guess consumer forum complaints has to be send via registered postal mail to you locality consumer forum address and a copy to the bank as well. On surrendering lockers too, the norms of the banks vary. At Canara Bank, the charges are relatively lower.
So overall, this all makes sure that your locker is very safe. After spending 11 months in the waiting list, they asked for Rs. In the presence of private banks in the market, the competition in upgrading the technology and service in locker facility has also increased. Custodian fits in the bank key, customer his key and locker opens. Thus you may have to settle for a small or medium-sized vault, depending on availability.