Is insurance is mandatory for locker?
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Is insurance is mandatory for locker?
What is more, the central bank has said that a bank must clearly inform locker customers that the bank is not responsible for insuring the contents of the locker. Perhaps to prevent coercive insurance selling, the RBI has also said that banks cannot sell locker contents’ insurance to their locker customers.
Is insurance mandatory for SBI saving account?
Our branches provide information for benefit and awareness to our customers. That is, if you are going to open any kind of account in SBI, then it is not mandatory for you to take insurance.
How can I get safe deposit locker in SBI?
Follow the steps below for the same:
- Visit the official website of SBI and sign in to your net banking account using the required credentials.
- Click on e-Services > Online Locker.
- Now confirm your state, district, pin code and click on ‘Submit’
What are locker charges in SBI?
Here’s how much SBI charges for the locker
| Size of lockers | Charges in Rural and Semi-Urban Branch (in rupees) | Charges at Metro and Urban Branches (in rupees) |
|---|---|---|
| Small | 1500+GST | 2000+GST |
| Medium | 3000+GST | 4000+GST |
| Large | 6000+GST | 8000+GST |
| Extra large | 9000+GST | 12000+GST |
Is it good to keep gold in bank locker?
Bank lockers are considered to be the safest place to store valuable jewellery, important documents, certificates or the things precious to you. Both the public and private sector banks offer locker facility to individuals for annual charges of Rs1,000 to Rs10,000 depending upon the size you opt for.
What is SBI account insurance?
State Bank of India Savings Bank Account holders can get a Personal Accident Insurance cover issued by SBI General of Rs. 4 lac just for a nominal annual premium of Rs. 200/-. Policy covers death due to accident only.
What happens if bank locker is robbed?
“As banks cannot claim that they bear no liability towards their customers for loss of contents of the locker, in instances where the loss of contents of the locker are due incidents (like fire, theft/ burglary/ robbery, dacoity,) or attributable to fraud committed by its employee(s), the banks’ liability shall be for …
Which bank is safe for gold?
Instead of putting your gold in your safe or pay the bank to store it in a locker, you can deposit your gold in a Reserve Bank of India-designated bank and earn interest on it.