Bank Locker Rules: These things kept in bank locker can be checked, you are not included in this list..

Bank Locker Rules: Keeping cash and jewellery at home is never considered safe, so this is the reason why everyone turns to bank lockers to keep jewellery, cash, or important documents. Your important items kept in a bank locker are considered the safest. Yes, there are some rules for keeping important items in a bank locker, which is necessary to follow. But do you know what can be kept in a bank locker and what cannot be kept...

Work of a bank locker

We all are often nervous about keeping gold jewellery and cash in our homes. Jewellery and cash kept at home are not safe. So in such a situation, we keep our valuables in a bank locker. Usually, countless people take advantage of the locker facility in the bank. The bank also charges you a minimum charge for the locker in three or six months. After paying the minimum charge to the bank, your valuables are kept here in security. But do you know that there is a limit to keeping things in the bank too... Yes, there are some rules of bank locker which we will learn about today.

Bank locker rules
If you are going to keep your jewelry, cash, or any important documents in the bank locker, then everyone needs to know and understand its rules. That is because if you keep any valuable item in the bank locker beyond the set limit, you may have to face trouble.

Limit of keeping gold and cash in locker
In the rules of the Central Board of Direct Taxes, a limit has been fixed for keeping gold and cash whether in the home or bank locker. Yes, if you have kept a large amount of gold or cash in the bank or at home and you do not have any valid proof, then you may have to pay a hefty tax on it along with a penalty. According to the rule, married women cannot keep more than 500 grams of gold in the bank locker or at home. Whereas unmarried women do not keep more than 250 grams of gold and if we talk about men, then this limit is only 250 grams for them.

The rule for keeping cash in locker

According to the Reserve Bank of India, you do not keep cash in the bank locker. If you are keeping cash in the bank locker, then it can bring you under the scope of the investigation. Yes, you cannot keep cash in the bank locker, RBI has banned keeping cash or currency in the bank locker. You can only keep valuables like jewelry and documents in the bank locker.

What cannot be kept in the bank locker?

Apart from cash, some other things are prohibited to keep in the bank locker. Yes, according to RBI rules, you cannot keep any kind of weapon, drugs, explosives, radioactive material, illegal goods, or perishable goods in the locker even by mistake. If you keep any such thing, then action can be taken against you.

What to keep in the locker?

Now the question arises of what can be kept in a bank locker. So let us tell you that you can keep jewelry, legal documents, property documents or wills, birth and death certificates, insurance policies, shares and bonds of mutual funds, etc. in a bank locker forever without any tension.

How to get a locker

You do not have to face much difficulty to get a bank locker. Some banks make you do FD for the locker, that is because they keep this FD as security. Talking about some other banks, charge fees from customers annually or every six months. This fee charged from customers is taken according to the size, location, etc. of the locker. On taking a bank locker, you get one key and the bank keeps the other Master Key with itself.

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