Bank Locker Rules: Nowadays people are afraid to keep gold jewellery and cash at home because it is not safe. Therefore, they keep it in a bank locker. The bank usually charges a minimum charge for the locker in three or six months. In exchange for this charge, customers can keep their valuables safe. However, there is a limit to keeping things in a bank locker. In such a situation, customers need to know about the rules of the locker so that they can keep their belongings safe in the right way.

Work of bank locker-
We all are often nervous about keeping gold jewelry and cash in our homes. Jewellery and cash kept at home are not safe. So in such a situation, we keep our valuables in a bank locker. Usually, countless people take advantage of the locker facility in the bank. The bank also charges you a minimum charge for the locker in three or six months. By paying the minimum charge to the bank, your valuables are kept here in security. But do you know that there is a limit to keeping things in the bank too... Yes, there are some rules of bank locker which we will know about today.

Bank locker rules-

If you want to keep your jewelry, cash, or important documents in the bank locker, then it is very important to understand the rules. You may face various problems if you keep more valuables than the prescribed limit. Therefore, get all the necessary information in advance so that there is no problem later. Security comes first.

Limit of keeping gold and cash in the locker-

In the rules of the Central Board of Direct Taxes, a limit has been fixed for keeping gold and cash in a home or bank locker. Yes, if you have kept a large amount of gold or cash in the bank or at home and you do not have any valid proof, then you may have to pay a hefty tax on it along with a penalty. According to the rule, married women cannot keep more than 500 grams of gold in a bank locker or at home. Whereas unmarried women do not keep more than 250 grams of gold and if we talk about men, then this limit is only 250 grams for them.

Rule of keeping cash in locker-

According to RBI (Reserve Bank of India), you do not keep cash in the bank locker. If you are keeping cash in the bank locker, then it can bring you under investigation. Yes, you cannot keep cash in a bank locker, RBI has banned keeping cash or currency in a bank locker. You can only keep valuables like jewelry and documents in a bank locker.

What cannot be kept in a bank locker-

Apart from cash, some other things are prohibited to keep in a bank locker. Yes, according to RBI rules, you cannot keep any type of weapon, drugs, explosives, radioactive material, illegal goods, or perishable goods in the locker by mistake. If you keep any such goods, action can be taken against you.

What to keep in the locker?

Now the question arises of what can be kept in the bank locker. So let us tell you that in the bank locker, you can keep jewelry, legal documents, property documents or will, etc., birth and death certificates, insurance policies, shares and bonds of mutual funds, etc. forever without any tension.

How to get a locker-

It is not very difficult to get a bank locker. Many banks keep a condition of fixed deposit (FD) for the locker because it is kept as security. Other banks charge either an annual or six-monthly fee, depending on the size and location of the locker. While taking the locker, the customer gets a key, while the bank keeps its master key with itself. This information is based on general information, so make sure to check all the details before opening a locker in the bank.

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