A bank locker is a secure way to store your valuables, but not everything is allowed inside.
Banks like State Bank of India (SBI), Bank of Baroda (BoB), HDFC Bank, ICICI Bank, and Canara Bank offer lockers in various sizes, so you can choose the right one based on your needs.
But do you know what you can and cannot store in your bank locker?
What can be kept in a bank locker?
Jewellery and Precious Metals:
- Jewellery made from gold, silver, diamonds, and other precious metals.
- Gold and silver coins or bullion (bricks).
Legal Documents:
- Will, property papers, and adoption-related documents.
- Power of Attorney and other important papers.
Financial Documents:
Documents related to mutual funds, share certificates, tax receipts, and insurance policies.
What cannot be kept in a bank locker?
Illegal Items:
Weapons, explosives, drugs, or any other illegal items.
Perishable Items:
Food and drinks that can spoil or rot.
Harmful Ingredients:
Radioactive, corrosive, or dangerous goods.
Cash Amount:
Most banks do not consider cash safe or insured, so keeping it in a locker is not allowed.
Things to Keep in Mind While Using a Bank Locker:
1. You are responsible for the items stored in the locker.
2. Select a locker that meets your requirements after obtaining accurate information.
3. Always follow the bank’s guidelines when using the locker.
4. Make a list of all items stored and keep important documents securely.
By using a bank locker wisely, you can protect your valuables and avoid unnecessary costs.
