All You Need To Know About Revised Bank Locker Agreement | The Money Show

It was only a few months back that bank locker holders were asked to sign revised locker agreements. Now, banks are reaching out to their locker holders, even those who had complied with this requirement, once again. So why are banks asking customers to sign revised locker agreement? Will it help in enhancing the safety of your bank locker? On The Money Show, we discussed all this with Pankaj Mathpal, MD -Optima Money Managers. The RBI issued the circular after it realised that many banks had not mentioned the compensation policy or liability of banks in certain scenarios such as fire, theft or burglary in the newamended bank locker agreement which they got signed from their customers. Listen in.

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