Do you like to know the procedures to be followed for enjoying BANK LOCKERS?

Now days, people feel insecure to keep their valuable things such as jewels, and other various important documents under their custodies.  They are in search of the safest possible areas to feel secured. The only possible protected area is the BANK LOCKERS.  But many of us don’t know how to get access to bank lockers.  Actually it is a simple process and we would like to give a few guidelines for it.

Bank Lockers are essentially used to protect valuable materials such as the precious metallic ornaments and other important documents.  It is an immense help for the needy people; but still many people are unaware of the roles played by the lockers in a bank.  Many of us know about it; but don’t know the rules and regulations that govern for the usage of lockers.  Anyhow, before getting access to it, the customers are required to know the following aspects.

How can one get access to the locker?  Actual y, lockers are allocated to the customers on the basis of SENIORITY.  If there is in vacancy of lockers in a bank, the applicants are expected to wait for the availability of the lockers.  When the lockers are ready, the bank will inform it to the waiting customers.

How can one operate the locker?  After getting entered to a locker, the

customer is provided with a key while the bank also keeps a duplicate key for it.  Particular locker can be opened only with the help of both keys. In short, to open a locker after the allotment, the customer can not open alone but he needs the presence of the respective bank personnel.  It is always advisable to get access to a locker jointly (more than one person) and also keep more than one nominees.  In case, the person who got the locker facility happens to pass away, the respective nominee can easily get the materials from the locker.

Yearly Rent for Lockers:  The rent collected for a locker varies from bank to bank, depending on the size and nature of the lockers. In State Bank of India, the rent collected for a small locker is ------Rs. 1,019/-, where as Rs. 5,095 is collected for the largest locker.  For medium size lockers,  the amount collected varies from Rs. 2,547/- to Rs.3,056/- In the case of city bound banks, the amount to be paid may even higher.

Registration for a Locker:  For registration, a customer is required to pay a particular amount and it differs from bank to bank.  In State Bank of India, the registration fees is Rs. 509/- and the customer is required to pay the annual rent also yearly.  Those who fail to pay the annual rent are required to pay the penalty of 10 to 50 percentages of the total annual rent. Again the customers are permitted to open the locker only 12 times in a year.  In case, they want to open the locker further, they are required to pay Rs. 51/- additionally for each additional enter.

Loss of Keys: When it happens to break the locker due to the loss of keys by the customer, the customer is bound to pay the charge of Rs.500/- as a penalty.