For the safety of your valuables, our locker facility offers a safe, trustworthy space to store them. There is a nominal annual rent (payable in advance), which depends upon the size of the locker and the centre at which the branch is located.
The facility of appointment of a nominee for receiving the contents after the death of lessee is also available. In the case of a sole hirer of a locker, nomination shall be made in favour of only one individual. Where the locker is hired by two or more individuals jointly, the nomination is to be made by such hirer in favour of one or more persons. Where the locker is hired in the name of a minor, the nomination shall be made by a person lawfully entitled to act on behalf of the minor. Cancellation of nomination can be made by the sole hirer or joint hirers of the locker, as the case may be.
Lessee of a Safe Deposit Vault (locker) can appoint a person for operating the locker, on the terms and conditions in Rent Deed Memorandum and the authority in favour of the said person ceases with the death of the lessee. Such a person (Authorised Person) cannot be allowed to operate the locker after the death of the lessee