New notice from SBI and BOB Bank! Customers of SBI and BOB must do this job by December 31st, or else

 New notice from SBI and BOB Bank! Customers of SBI and BOB must do this job by December 31st, or else

New notice from SBI and BOB Bank! Customers of SBI and BOB must do this job by December 31st, or else

Alert from SBI and BOB: By December 31st, customers of the two biggest government banks in India, State Bank of India (SBI) and Bank of Baroda (BOB), who have bank lockers, must do significant tasks linked to their accounts. You have 25 days to do this crucial activity if you also own a bank locker at SBI or Bank of Baroda.

Customers who own bank lockers at State Bank of India (SBI) and Bank of Baroda (BOB), the two biggest government banks in India, are required to finish significant bank-related tasks by December 31st. All banks have been directed by the Reserve Bank of India (RBI) to get signatures from their clientele on the updated bank locker contract. Go there and sign your new bank locker agreement if you also have one at any SBI or Bank of Baroda branch. If not, you could have issues in the future.

Customers are receiving phone calls from banks.

The majority of banks have released updated bank locker agreements that outline customers' rights. Customers using bank lockers must sign it. Additionally, banks are requesting in person visits from their clients via emails, SMS, and phone calls. In addition, banks retain stamp papers for their patrons. Customers just need to visit the bank to sign for that. Clients must provide their Aadhaar, PAN, and picture at the bank. A bank locker agreement and stamp document must also be signed.

By December 31st, all banks should have finished signing the bank locker agreement.

By December 31, 2023, all banks must sign the updated agreement with bank locker holders, per an instruction from the RBI. All banks have been instructed to update the status of their locker agreements on the user-friendly RBI site and provide their clients the information they want. The majority of individuals store their valuables, including gold, in bank lockers. Under such circumstances, a contract for the security of the belongings in the locker must be signed.