Bank lockers are a secure way to store your valuables, but there are strict rules about what you can and cannot keep inside. Here's a quick rundown of the key regulations you need to know.
Bank Locker Rules: What You Can and Cannot Store
- Jewelry and Documents
You can safely store your jewelry and important documents in a bank locker. These items are considered legitimate and secure within the locker. - No Cash or Currency
Storing cash or currency in a bank locker is prohibited according to RBI regulations. Always keep your cash in a bank account instead. - Weapons and Explosives
Items such as weapons and explosives are strictly forbidden. These pose significant security risks and are not allowed under any circumstances. - Drugs and Radioactive Materials
Any kind of drugs or radioactive substances cannot be kept in a bank locker. These are considered dangerous and illegal. - Decomposing Items
Anything that can decompose or spoil over time is not permitted. This ensures that the locker remains safe and clean. - Illegal Items
Any item banned under Indian law is prohibited in a bank locker. This includes items that pose a threat to the bank or its customers.
How Bank Lockers Operate
- Two Keys Required
To open a bank locker, you need two keys: one with the customer and one with the bank manager. Both keys must be used simultaneously. - Lost Key Protocol
If you lose your locker key, inform the bank immediately and file an FIR. The bank will either issue a new key or break the locker and provide you with a new one, with costs borne by the customer. - Locker Breaking Procedures
Both the customer and bank officer must be present when breaking a locker. If the locker is jointly held, all members must be present unless written consent is given for breaking it in their absence.
When Banks Can Break Lockers
- Criminal Investigations
If a locker is suspected to contain evidence related to a crime, it can be broken open by police officials in the presence of bank officers. - Non-Payment of Rent
If locker rent is unpaid for three years, the bank can recover dues by breaking the locker. Similarly, lockers inactive for seven years may be opened by the bank.
Understanding these rules helps ensure you use bank lockers appropriately and keep your valuables secure. Always adhere to RBI guidelines to avoid any issues.
-by dailybharat
