Ramakanth Siripalli 27 January 2020

bank locker

in bank when we open locker, do the agreement is sent first to register office for stamping or later after opening the locker and after assigning particular locker, does the agreement is sent for stamping.

Reply Follow

Quick Summary

This discussion clarifies the process for bank locker agreements. It explains that while a stamp duty is required (e.g., Rs 500 in Rajasthan), the agreement itself does not typically require mandatory registration with the registrar's office. The bank usually handles the stamping before or during the locker opening process.

2 Replies

smart jain 28 January 2020

before opening locker... bank asks for a stamp of rs 500 ( in Rajasthan... stamp duty may vary in other states).. and a security deposit in form of FD... that's all... no document is sent to registrar office