Notice Regarding Bank Locker Agreement: Important Information! Do this work as soon as possible to avoid losing the life's wealth.

 Notice Regarding Bank Locker Agreement: Important Information! Do this work as soon as possible to avoid losing the life's wealth.

Locker contracts between clients and banks were to be renewed by January 1, 2023, according to RBI Bank Locker Rules. However, the RBI has now extended the date for renewing the locker agreement between clients and banks. Indian Reserve Bank: If you have a locker in a public or private bank, this information will be helpful to you. Yes, as of January 1, the Reserve Bank of India (RBI) had modified the regulations pertaining to lockers.

Customers and banks were required to renew their locker agreement by January 1, 2023. However, the deadline for renewal has passed. The RBI has extended the time for locker agreements between clients and banks. Customers can now extend the deadline for renewal work until December 31, 2023.

Now, this work may be completed through December 31.

The RBI decided to extend this deadline after noticing that a significant percentage of clients had not done so by January 1, 2023, the original date for renewing the contract. The RBI has now given banks instructions to finish the procedure by December 31, 2023.


This is how the work will be done.

Banks have been instructed by the RBI to complete 50% of the work by June 30, 2023, and 75% by September 30, 2023. execution of modified contracts by making sure that stamp paper, etc. is available.

The circular further stated that operations in lockers that have been prohibited due to non-execution of the agreement by January 1, 2023, shall cease immediately.