State Bank of India (SBI) and Bank of Baroda (BOB) have issued a crucial advisory to their customers, urging them to sign a new locker agreement by December 31, 2023.
The deadline leaves customers with only a 4-day window to complete this essential task or risk potential complications.
Holiday Alert: Plan Your Bank Visit Wisely with Upcoming December Bank Holidays
As customers rush to sign the new bank locker agreement, it’s vital to consider the upcoming bank holidays in December 2023.
Out of the remaining 11 days of the year, banks will be closed for 7 days, impacting the ability to visit branches and complete necessary paperwork.
Bank Holiday Schedule for December 2023:
23 December 2023 (Saturday): Closed due to the fourth Saturday.
24 December 2023 (Sunday): Bank holiday.
25 December 2023 (Monday): Closed nationwide for Christmas.
26 December 2023 (Tuesday): Closed in Mizoram, Nagaland, and Meghalaya for Christmas celebrations.
27 December 2023 (Wednesday): Closed in Nagaland for Christmas.
30 December 2023 (Saturday): Closed in Meghalaya for U Kiang Nangbah.
31 December 2023 (Sunday): Bank holiday.
Banks Issue Revised Locker Agreement: Customers Urged to Complete Signatures Promptly
In response to the directive from the Reserve Bank of India (RBI), most major banks, including SBI and BOB, have introduced a revised bank locker agreement.
Customers with bank lockers are required to sign this agreement promptly, with banks facilitating the process through email, SMS, and phone calls.
Convenient Options for Customers: Banks Provide Stamp Papers and Assistance
To simplify the agreement-signing process, banks are offering multiple conveniences to customers.
Stamp papers are readily available at the banks, and customers are encouraged to bring their Aadhaar, PAN, and a photograph for verification.
The aim is to streamline the process and ensure a hassle-free experience for customers.
Regulatory Deadline: RBI Mandates Completion of Locker Agreement by December 31
In adherence to RBI’s directive, all banks are required to finalize the new locker agreements with customers by December 31, 2023.
The RBI has instructed banks to update the status of locker agreements on its efficient portal, emphasizing the importance of securing items stored in lockers through these agreements.
