UNUSED BANK LOCKERS

[GURUSWAMY KRISHNAMURTHY]

When i visit any bank to operate my locker I find that number of lockers with  stikers pasted iin red

'RA' indicating the rent arrer from the hirer. When i enquired I was told that the wherabouts of the hirerer is not known and hence they have marked it with red sticker. This the happening in both private bank and public sector bank.

I find inspite of clear circulars issued by RBI  giving guidlelines for opening the unused lockers, banks are not taking any action due to fear of litigation and court case.

This leads to a situation of losing the rental for the locker besides deneying the facility for a eligible customer. It appears that no one is showing any interest in this issue

Guruswamy K

AI Summary

Unused Bank Lockers Marked for Rent Arrears Remain Inaccessible, Banks Fear Litigation Despite RBI Guidelines A forum participant raised a concern about unused bank lockers marked with red stickers indicating rent arrears, as the whereabouts of the hirers are unknown. Despite RBI guidelines for handling such situations, banks are hesitant to act due to fear of litigation, resulting in lost rental income and denying locker access to eligible customers. A respondent suggested addressing the issue with the RBI and filing a complaint with the local Banking Ombudsman.