Finance
Mr. BillionhairBank Lockers: Know the Rules Before You Dive In
Listen up, folks! Bank lockers are fantastic, but they’re not a get-rich-quick scheme! Know the rules! If the bank messes up, they’re only liable if they’re really negligent. Choose wisely, keep records, and don’t put cash in there! It’s all about being smart! Understand the game before you sign, believe me!
few days ago | Amit Kumar
Quick rundown
1.Bank lockers offer security but not insurance.
2.RBI caps compensation at 100 times annual rent.
3.Locker demand often exceeds supply in urban areas.
4.Nomination is crucial for posthumous access.
5.Understand locker terms to avoid future disputes.
