https://www.taxtmi.com/article/detailed?id=10977 Banks must implement Board approved policies under the RBI's revised safe deposit locker instructions effective January 1, 2022, and ensure agreement execution and documentation consistent with KYC and standard terms. The article objects to branches requiring customers to procure stamp paper in the bank's name, explains customers should provide stamp papers in their own name or the bank should procure any stamp paper in the bank's name, and advocates online agreement execution, online stamp duty payment, and use of authorised representatives to avoid unnecessary branch visits. en-us Thu, 12 Jan 2023 14:20:55 +0530 Thu, 12 Jan 2023 14:20:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10977 Banks must implement Board approved policies under the RBI's revised safe deposit locker instructions effective January 1, 2022, and ensure agreement execution and documentation consistent with KYC and standard terms. The article objects to branches requiring customers to procure stamp paper in the bank's name, explains customers should provide stamp papers in their own name or the bank should procure any stamp paper in the bank's name, and advocates online agreement execution, online stamp duty payment, and use of authorised representatives to avoid unnecessary branch visits. Articles Other Topics Thu, 12 Jan 2023 14:20:55 +0530 https://www.taxtmi.com/article/detailed?id=10977