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SBI issues new guidelines for locker holders

by Blitz India Media
July 4, 2023
in News
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Team Blitz India

MUMBAI: India’s largest lender State Bank of India (SBI) has changed its rule for customers who hold lockers with the bank. SBI has advised all locker holders to visit their branch and sign the new locker agreement, in order to comply with the order from the Reserve Bank of India (RBI).

“Bank has issued a revised/supplement locker agreement incorporating the customer’s rights. Customers availing locker facilities from SBI are requested to contact their locker holding branch and execute the revised/ supplement locker agreement as applicable,” SBI’s official Twitter account tweeted.

The RBI has ordered all banks to make sure that at least fifty percent of the locker holders sign the new agreement by June 30.

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