Reserve Bank of India:
If you have also taken a locker in any public sector or private bank, this news is helpful.
Yes, the Reserve Bank of India (RBI) changed the rules related to lockers on January 1.
According to this, the locker agreement between customers and banks was to be renewed by January 1, 2023.
But now the last date for renewal of locker agreement between customers and banks has been extended by RBI.
Now customers can get the work related to renewal done by December 31, 2023.
Now this work can be done till December 31
The RBI extended this deadline because it was noticed that many customers had signed the revised agreement on January 1, 2023, the deadline for the renewal of the contract. Now banks have been instructed by RBI to complete the process by December 31, 2023.
Work will be done like this.
On behalf of RBI, banks have been asked to complete 50 percent of the work by June 30, 2023, and 75 percent by September 30, 2023.
In a statement issued by the RBI,
It was said that banks had been informed to make necessary arrangements to facilitate the execution of revised contracts by ensuring the availability of stamp paper, etc.
In addition, in cases where operations in lockers have been prohibited for non-execution of the agreement by January 1, 2023,
the same will be closed with immediate effect.
