Persons who can avail Bank locker facilities:
Locker facility is provided by the bank at its select branches. For obtaining a locker at the bank, you must be an account holder with the bank.
- Lockers can be allotted both individually (except minor) as well as jointly.
- The lockers are allotted on first come first served basis to the customers only.
- At the time of hiring the locker, bank will obtain a minimum-security deposit in the form of a Fixed Deposit Receipt (FDR) from the lessee for the amount which would be sufficient to cover 3 years rent and the charges for breaking open the locker in case of such eventualities.
- The Security Deposit will be kept under Bank's lien in respect of rentals and other dues on locker services.
- An acknowledgement will be issued by the bank for fixed deposit to be kept as security deposit.
- The hirer of the locker will be provided the copy of the agreement i.e. 'Memorandum of Letting' by the bank.
- Loss of key should be immediately informed to the bank branch.
- The bank is responsible for any loss.
- Charges for opening the locker, or replacing the lost key, and for changing the lock shall be payable by the Renter(s).
- With standing instruction, the rent may be recovered by the bank from the deposit account of the hirer on due date.
- The Renter is required to operate the locker at least once in every six months and if the locker remains un-operated for more than a year from the last date of operation then the bank has a right to cancel the allotment of the locker by giving a notice for security reasons and treat the Renter/s as a defaulter, notwithstanding that the rent has been paid up to date.
- The locker is to be operated during the specified timing displayed at the branches.
