"Safe Deposit Lockers"
For the safety of your valuables, our locker facility offers a safe, trustworthy space to store them. There is a nominal annual rent (payable in advance), which depends upon the size of the locker and the centre at which the branch is located.
The Bank`s Safe Deposit (Locker) Service be made available to Customers who maintain a Saving/Current Account and also to those who are not having any other banking relationship with the bank after complying with the Customer Due Diligence (CDD) criteria. Those who do not maintain an account will tender a request letter with copy of applicable KYC papers. However, Lockers are not leased out to minors. Lockers can be leased out to Blind person also.
Locker facility is provided by the Bank at its select branches.
Allotment of lockers is on first-come-first served basis. The branch wise availability of vacant lockers as well as a wait-list of Locker shall be maintained in CBS and displayed in Corporate website of the Bank.
At the time of hiring the locker, bank will obtain a minimum security deposit in the form of FDR from the lessee which will be decided by the bank from time to time. in case of allotment of Locker to non-account holders but KYC compliant customers, the rent for one year plus three year advance rent is to be collected and appropriated as Income Rent on Locker
The locker will be operated during the specified timing displayed at the branches.
Nomination for safety Locker
The facility of appointment of nominee for receiving the contents after the death of lessee is available.
In the case of sole hirer of Locker, the nomination shall be made in favour of one individual.
Where the locker is hired by two or more individuals jointly, the nomination is to be made by such hirers in favour of one or more persons.
Cancellation of nomination can be made by the sole hirer or joint hirers of the locker, as the case may be.
Power of Attorney Holder
Lessee of a Safe Deposit Vault (locker) can appoint a person for operating the locker, on the basis of Power of attorney executed by lessee and the Authority in favour of the said person ceases with the death of the lessee. Such a person (Power of attorney holder) cannot be allowed to operate the locker after the death of the lessee.
For further details and terms and conditions, please contact our nearest branch having locker facility.