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India Business News: Bank lockers are intended solely for legitimate purposes, such as safeguarding valuables like jewelry and documents. Storing cash or currency in these
The central bank provided instructions to banks on locker rules after a February 2021 judgment by the Supreme Court which directed the RBI to finalise regulations for locker management within six months from the date of the order.
Bank locker guidelines: Essential rules to know when obtaining your first locker.
Bank Locker Rules Latest Update: The RBI said the banks have been advised to make necessary arrangements to facilitate the execution of the revised agreements by ensuring the availability of stamp papers. -- aaa
Bank Locker Rules Change: The Reserve Bank of India (RBI) has mandated banks in the country to renew their locker agreements with existing locker customers by January 1, 2023