Maintain a branch-wise list of vacant lockers: Here’s all about RBI’s revised instructions for banks on locker management

The RBI said banks are advised to frame their own board approved policy/operational guidelines in this regard taking into account the revised instructions.

Mumbai: The Reserve Bank of India (RBI) on Wednesday issued revised instructions for all banks regarding locker management following orders of the Supreme Court. The RBI said banks are advised to frame their own board approved policy/operational guidelines in this regard taking into account the revised instructions. "The revised instructions will come into force with effect from January 1, 2022 (except where otherwise specified) and be applicable to both new and existing safe deposit lockers and the safe custody of articles facility with the banks."