Lockers are not transferable. Students who wish to change the location of their lockers must apply in person to the Discipline Committee Coordinators for good reason. At the end of the school year, students must empty their lockers and remove their locks. The school will announce an exact deadline. After this date, the school is allowed to open these lockers and dispose of all belongings in them. Below are the new rules for safes that bank safe deposit box customers should be aware of: Banks can use your term deposits to cover the costs of renting safes. If you do not pay the rental fee, the bank can open your safe. To compensate for the losses incurred, banks can use the term deposit. If the bank has collected the rent in advance, it must reimburse the customer an amount in proportion to the amount collected.

You can check our locker fees on our bank`s website. Bank of Baroda lockers are a great alternative to home safes. You can get lockers of different sizes to protect your valuables. Our lockers are equipped with advanced anti-theft and security systems where you can store your jewelry, documents and other valuables. You can call our toll-free number 1800 258 44 55 / 1800 102 44 55 or visit your nearest branch for more information about Bank of Baroda safes. You can also read our vault contract format by clicking here. Banks have the right to open the locker if the customer does not pay the rent. They usually send you a notification by mail, email, and SMS.

If you do not respond, the bank will publish a public announcement in the newspapers and give you time to respond. If you still do not comply, the bank can open the locker and retrieve the contents. You must go to the branch closest to the bank, where lockers are available. You will also need to fill out an application form and complete the required KYC formalities. In addition, you must sign a rental protocol and keep your fixed deposit as security to cover the rent of the locker. Banks can offer an appointment mechanism. They can also develop their own safe deposit box contract format and claim formats to ensure the secure custody of the contents of the lockers. Bank lockers have superior security features that your regular home safes may not offer.

Heavy bank safes protect your valuables from danger, while banks constantly monitor lockers with CCTV cameras. Bank locker rooms and safes must have a single defined entry and exit point. Changing rooms must protect against the risk of rain, flood or fire entering and damaging the premises. Banks must keep CCTV footage for up to 180 days. If a customer has complained to the bank about unauthorized access to the locker, theft, breach of security, etc., banks must retain CCTV recordings until the police investigation is complete. Lockers in banks have been around for a long time. That`s why you should consider renting a safe. Students who drop out of school or whose studies have been completed must leave their lockers within 3 days of withdrawal/termination. After 3 days, the discipline committee has the power to open these lockers and dispose of all the objects that are there.

Each student can apply for a unique locker. Unauthorized use of uninhabited lockers or third parties is strictly prohibited. The school`s discipline committee has the power to open such lockers and dispose of all property therein. According to the revised operating rules for bank safes, new mechanical lockers must comply with the security criteria of the Bureau of Indian Standards (BIS). Banks must ensure that electronic locker systems comply with the cybersecurity framework prescribed by RBI. Bank or branch identification codes must be engraved on the locker keys. Customers can use an additional padlock if the bank offers such a possibility. The school is in no way responsible for the safe storage of items found in lockers and for any related loss or damage. Students must take full responsibility for items stored in lockers. Under no circumstances will the school be responsible for the loss or damage of property stored in a locker. The opening of the locker should only be done by the Bank or its authorized technician after proper identification of the tenant, proper determination of the loss and written authorization of the customer to open the locker. Banks offer lockers of different sizes.

Depending on your content, you can get small, medium, large or very large lockers. Lockers are not installed with locks. Users must bring their own padlocks to protect their personal belongings deposited in the lockers. (Number blocking is not recommended.) Any violation of the locker rules by users may result in the end of the use of the lockers and may be reported to the Discipline Committee. The bank`s vault rules in case of theft state that the bank will be held responsible for the loss of the contents of your locker due to theft, burglary or robbery. The bank is obliged to pay you 100 times the applicable annual rent for lockers. This compensation also applies in the event of fire, building collapse or fraud. In case of loss of the locker key provided by the bank by the locker tenant, the customer (locker tenant) must immediately inform the agency.

The customer can also obtain assurance that the lost key, if found in the future, will be returned to the branch. All costs for opening the locker, changing the lock and replacing the lost key can be claimed from the tenant. Fees for replacing lost keys / issuing a new password must be communicated to the locker tenant. Students are advised not to keep money or valuables in their lockers. According to RBI standards, banks are not liable for damage to the contents of the safe deposit box due to natural disasters. Damage caused by the negligence of the customer is also not bank liability. Banks must inform customers of the use of the locker by SMS and email to their registered mobile phone number and email address. The notification should include the date and time of the operation of the lockers and an appeal mechanism in case of unauthorised access to the lockers. Users of the locker system must accept and are bound by the above rules. In case of loss or damage, students must immediately report to their form teacher or one of the subject teachers. Students are responsible for paying for the repair if the damage was caused by themselves. Advantages of renting a safe deposit box from the Bank of Baroda In case of theft, banks are obliged to pay a certain amount of money to customers and thus insure their property.

The Bank of Baroda offers lockers where you can safely store your jewelry, important documents and other valuables. The storage of items that are illegal in nature or that cause, would cause or could cause a danger to health, safety, physical danger or nuisance to the environment or other members of the school is prohibited.