Your bank locker may be sealed! Haven’t signed the updated...

added a post in Business

2025-06-18 05:42:12 -

Your bank locker may be sealed! Haven’t signed the updated locker rent agreement? Here’s what banks may do

Customers with bank lockers risk losing access if they don't sign revised rental agreements, with about 20% facing potential denial due to missed deadlines. Banks are seeking authorization to issue final notices and seal lockers for non-compliance, as the RBI monitors adherence to updated guidelines.

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