Following the Supreme Court’s directions in February 2021, the Reserve Bank of India (RBI) recently came up with revised instructions for safe deposit locker services being offered by banks. The ...

Bank locker new rules: The RBI has allowed banks to take a ‘Term Deposit’, at the time of allotment of a locker.(Mint) Bank locker new rules: If you are considering opting for a bank locker, then it’s ...

Last week, the Reserve Bank of India (RBI) allowed non-banking finance companies (NBFCs) to offer safe deposit locker facilities to customers. However, the central bank also stated NBFCs that offer ...

In order to ensure prompt payment of locker rent, the Reserve Bank of India (RBI) has directed banks to obtain a term deposit, at the time of allotment, which would cover three years’ rent and the ...

The Reserve Bank of India on August 18 issued revised instructions on safe deposit locker and safe custody article facility provided by banks. The central bank took into consideration various ...

Banks provide safe deposit lockers to help customers securely store their valuables. The annual rent for these lockers varies depending on their size and the branch location, and it must be paid in ...

When Charu Ahuja, an educator, moved to a new apartment in Bangalore, she found it nearly impossible to locate a safe deposit locker close to her new home. After an exhausting three-month search for a ...