Bank Locker New Rules: Are you using a bank locker to store your valuables.. Banks are now going to bring a change in the case of bank locker. The Finance Ministry of India has announced several changes in the banking system from November 1, 2025. In this, new regulations have been made along with changes in the rules for keeping bank lockers.
Finance Department has made changes in all 5 Acts during this time. In this the laws have changed from bank account to your bank locker. So let’s know here what are the new bank rules and what changes have been made in the bank locker rules.
Locker related rules
The finance department feels that the changes made in the banking system will help people a lot. At the same time, regulations regarding bank lockers are changing. As per the new rules, now the locker owner has to submit a priority list. This gives clarity as to who should open the locker after the death of the locker holder. People can be nominees one after the other for the locker. That means the locker owner can enter only four names for the valuables such as jewelery and documents kept in the locker.
But one thing to note is.. these four names are one after the other in order of priority. That means the second person’s name takes precedence in the list only when one is absent. Only they can open the locker. The reason for this is to resolve disputes and facilitate the locker opening process. Because now only one person can open the locker at a time. There will be no delay in giving priority numbers to the nominees for opening the locker.
Why were the changes made?
There are many reasons for changes in bank regulations. Now the customer can easily give a fixed percentage of his savings to each nominee. Thus the total share will be 100 percent. The entire process is transparent and easily done. Along with this, Banking Company Rules 2025 will be released soon. As per these rules, submission of nominee details, form information etc. etc. will be announced in all banks. The process is same in all banks. Its main objective is to strengthen banking, increase security in the case of lockers and provide quality banking services, the finance department has clarified.
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