Banks make categories of customers based on financial or social status, nature of business activity, customer location and their clients. Before giving the locker to any customer, the bank is thoroughly investigated.
The bank provides a safe place for locker depositors to keep their prices. But some important rules related to it are important for you. If you have a locker in a bank, then you must operate it once a year. If you do not do this, the bank can open your locker. However, if you are in the lower risk category of the bank, then you may get a chance. According to RBI rules, those who fall in the medium risk category, the bank can send notice to them in the event that they will not operate their locker for more than three years.
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Many categories of locker customers
Banks make categories of customers based on financial or social status, nature of business activity, customer location and their clients. Before giving the locker to any customer, the bank is thoroughly investigated. In the notice issued by the bank on not operating, it is said that you should either operate the locker or surrender it. If you are unable to operate the locker for any reason, then you have to explain the reason for it.
If the bank feels that your reason for not operating the locker is valid, then you get permission to operate it. If you are unable to give a valid reason, then the bank cancellation of the allotment of your locker. This locker can be allotted to someone else. Your bank can also give you the facility to operate the locker again and again. For example, some banks advise their customers to open a locker at least once in six months.
