RBI new guidelines: Often people use bank lockers to protect their valuables. In today's time, the facility of the locker (RBI rules for bank locker) is made available to you in every bank and NBFC. At the same time, many times such cases also come to the fore in which theft comes to the fore in the bank locker itself. Such cases raise questions in the minds of people if there is a theft in their bank too, will the bank (Bank Locker) compensate for all their belongings or how much amount will the bank give to the customers as compensation in this situation? Know the full details about this in the news.

You can keep these things in the locker -
Millions of people across the country use bank lockers to keep their valuables like gold, silver, and cash safe. Lockers in Indian banks (RBI rules for bank lockers) are made to keep the valuables of the people safe. However, due to theft, fire, flood, or natural disasters, one may also have to face losses. In case of such incidents, it is very important to understand the rules of Indian banks (RBI new Guidelines for Locker).

This is the rule in case of natural disaster -

If any of your valuables in the bank locker (RBI guidelines for Locker) gets stolen or damaged due to flood, earthquake, riot, terrorist attack, customer negligence, etc., then the first expectation would be that the bank itself will compensate for it, but let us tell you that in case of natural disaster, the bank does not take any responsibility for your goods. According to the Reserve Bank of India, the banking unit is not responsible in any way for the valuables kept in its locker.

You can claim this much amount -

In case of any incidents like fire, theft, robbery, building collapse, or fraud committed by its employees (update for bank employees), the liability of the bank will be given only 100 times the annual rent in the safe deposit locker (how to use bank locker). Here also the compensation you get is very low. For example, if the annual locker fee is one thousand rupees, then the bank gives you only one lakh rupees as compensation. No matter how valuable property is in your locker (bank locker rules).

The bank takes this precaution -
The bank takes a little more caution to keep the property of the customers (bank compensates for locker) safe. However, the bank has no responsibility in case of damage or loss of the goods kept in the locker due to earthquakes, floods and other natural disasters. According to the details released by the experts, the bank also bears the liability due to the negligence of the bank (bank Negligence rules).

Responsibility is not taken due to this reason -
The bank does not take any responsibility to compensate for the entire loss of property deposited in it (property rules in India). Many reasons are being given for this. The reason behind this is that the banks themselves do not know what you have kept in the bank locker (RBI guidelines for Locker) nor do the banks know the value of that item (value for gold). Customers are not bound in any way to disclose the value of their locker. In such a situation, it becomes almost impossible to estimate its value for compensation.

Disclaimer: This content has been sourced and edited from Hr Breaking. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.