Alert to SBI customers: State Bank of India (SBI) in an update to its customers said, “We request our customers to approach their branches and sign the revised locker agreement. SBI has also tweeted about this. SBI Releases Revised Locker Agreement to Include Customer Rights Bank customers are requested to approach their branch and execute the revised locker agreement as applicable.
There is an important update for customers using locker facility in banks. In fact, customers who have lockers in banks have to sign the revised locker agreement by June 30. Please inform that Reserve Bank of India has extended the renewal date of Banks till 31st December 2023. Under this, 50 percent work will be completed by June 30, 2023.
SBI has issued a warning to customers
In an update to its customers, State Bank of India (SBI) requests our customers to approach their branch and sign the revised locker agreement. SBI has also tweeted about this. SBI Releases Revised Locker Agreement to Include Customer Rights The bank has requested the customers to apply the revised locker agreement by approaching their branch.
Due to this, SBI increased the loan limit
The Reserve Bank of India (RBI) had in January extended the deadline for banks to enter into revised agreements with safe deposit locker holders till the end of December. Because there are still many customers who don’t complete it. In August 2021, the RBI asked banks to enter into revised agreements with existing locker holders by January 1, 2023, taking into account various developments in banking and technology, customer complaints and feedback received from them.
Customers have not yet signed
The RBI said in a statement that many consumers have not signed the revised contract. Apart from this, the banks have not yet informed the customers to inform them before the due date. Besides, many bank customers are finding it difficult to do the same, RBI said. Banks have to arrange with customers for stamp paper, electronic execution of agreement, e-stamping and providing copy of agreement to customer.