Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

raj kumar ji (LAW STUDENT )     15 September 2010

"procedure of bank locker settlement"

RESPECTED SIR ,

 1-   MY CLIENT MRS."X"HAS A BANK LOCKER IN CANARA BANK ?

  2-SHE HAS FIVE SONS AND TWO DAUGHTER ?

 3- SHE WAS EXIRED NOW SHE CAN NOT MAKE NOMINEE IN BANK LOCKER ?

4- NOW WHAT IS THE PROCEDURE OF LOCKER BANK SETTLEMENT OF NO NOMINEE ?



Learning

 5 Replies

Deepak Kumar Vasudevan ((Confidential))     16 September 2010

Check out this RBI Circular (https://www.rbi.org.in/Scripts/bs_viewcontent.aspx?Id=454). For a quick reference the highlighted sections have been attached in the snapshot.


Attached File : 4 4 rbicircular safedepositlocker.pdf downloaded: 174 times

raj kumar ji (LAW STUDENT )     16 September 2010

thank u deepak sir

J. P. Shah (RTI & CONSUMER ACTIVIST)     26 September 2010

Final circular is at https://rbi.org.in/scriptts/NotificationUser.aspx?Id=3422&Mode=0

Bank will release contents to one of the authorised heirs by obtaining indemnity bond and 2 guarantors [surities] each having means of value of contents and consent letter from other heirs authorising one of them to collect contents.  An inventory of contents and their valuation will be carried out in presence of bank officers and heirs or one of the heirs authorised by all other heirs to arrive at value of claim.

J. P. Shah (RTI & CONSUMER ACTIVIST)     26 September 2010

Deepak Kumar Vasudevan ((Confidential))     26 September 2010

The other URL given by JP Shaw broke because of multiple 't' in the URL. The corrected one is here:

https://rbi.org.in/scriptts/NotificationUser.aspx?Id=3422&Mode=0


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register