1 / 6

Four questions to ask before availing Bank Lockers

Four very important question to know before you take a Bank Locker.

meenarai
Download Presentation

Four questions to ask before availing Bank Lockers

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Four Questions to Ask Before Availing Bank Locker

  2. How do bank lockers work? • Similar to bank accounts that offer safe repository to cash, bank lockers are the best option to safeguard your valuables. Individually Or Jointly Individuals Key Two Keys for Every Locker Bank’s Key

  3. What is the Cost? • Cost of the locker will vary as per the bank, size of the locker, and the facility. • Private banks charge more than public sector banks • There are separate charges for all extra visits made to the locker. Private Bank Public Bank

  4. How safe is the Lockers? • As per RBI, banks are not responsible or liable for the content kept in locker. • However, RBI mandates banks to have best-in-class infrastructure and security for lockers.

  5. Do you require a Bank Account? • RBI says that banks cannot deny locker facility to non-existing bank customers. • Some banks make in mandatory to open a savings account to open a locker. • Bank can ask for caution deposit for up to three years of the rent to be paid towards lockers.

  6. Thank You…

More Related