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Bank lockers News

State Bank of India

17 Jun 2023

SBI Revises Locker Rent Charges 2023: Check New Charges, Availability & Rules

19 Feb 2021

Frame new rules for locker management in six months: Supreme Court directs RBI

A bench comprising Justices Mohan M. Shantanagoudar and Vineet Saran said that each bank is following its own set of procedures and there is no uniformity in the rules. Present state of affairs on management of bank lockers is inadequate and muddled, RBI to lay down regulations, within six months, for steps necessary for banks on this issue.

public sector banks

25 Jun 2017

Banks have no liability for loss of valuables in lockers: RBI

Stung by the revelation, the lawyer who had sought information under the transparency law has now moved the Competition Commission of India (CCI) alleging "cartelisation" and "anti-competitive practices" by the banks in respect of the locker service.

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