To keep our valuables safe, we all have a locker fixed in an almirah at our home.
To to keep our valuables like jewellery or any documents safely, there is locker facility available in banks these days.
Why Locker Facilities?
Instead of storing their valuables at home, its better to keep them at banks lockers. It offers a safe and trustworthy place to store them, with high level of security than our house. Bank Lockers are usually kept inside Strong Rooms built with all walls concreted and special built Room Doors for avoid burglary.
The banks charge a nominal fee/rent (annually) in advance depending upon the size of the locker and the centre at which branch of the bank is located.
It is worthwhile noticing that bank may not provide locker facilities at all its branches. Lockers are provided to those customers who maintain an account whether savings/current accounts with the bank. It can also be provided to blind persons but not to minors.
How to get a Locker facility?
The procedure of obtaining a locker is simple. It is provided on first-come First-serve basis. Bank will obtain a minimum security deposit from the person acquiring locker (also known as lessee and bank lesser) decided by the bank.
The lessee also needs to provide for nomination which means who will receive the contents after his/her death. In case of joint account, nomination can be made in favor of one or more persons. Also, in case of sole lessee, nomination can be made in favor of one person only.
