Safeguarding your bank locker
| Lisa S./shutterstock.com
You can get compensation for loss, if any, by insuring the contents in the locker
A bank’s safe deposit locker may seem the embodiment of absolute safety. But what if items stored in a locker are lost or damaged? Recently, questions have been raised on the bank’s liability in such cases. As holding a locker costs money and banks may often also request you to open a fixed deposit to get a locker, it is important for customers to understand what they get when renting a locker.Ban...
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