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Locker safety News
Experts, bankers differ on liability for loss of locker items
Wed, Jun 28, 2017
Days after an RTI response by the RBI and several banks that there is no compensation for loss of valuables in lockers, officials of both the PSU and private banks are passing the buck to the consumers, saying clients do not disclose the contents of the safe deposit box.
Theft of valuables kept in your lockers are not bank's responsibility
Mon, Jun 26, 2017
As per the report, the lawyer quoted the clause by 19 banks which also included Bank of India, Oriental Bank of Commerce, Punjab National Bank, UCO and Canara, among others, stating, "the relationship they have with customers with regard to lockers is that of lessee (landlord) and lessor (tenant)".