SBI Customers Alert: In an update to its customers, State Bank of India (SBI) said, “We request our customers to approach their branches and sign the revised locker agreement. SBI has also tweeted about this. SBI has issued a revised locker agreement incorporating customer rights. The Bank requests its customers 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 with lockers in banks will have to sign the revised locker agreement by June 30. Let it be known that the Reserve Bank of India has extended the renewal date for banks till 31 December 2023. Under this, 50 percent work is to be completed by 30 June 2023.
SBI has issued an alert for customers
Giving an update to its customers, State Bank of India (SBI) said that we request our customers to approach their branch and sign the revised locker agreement. SBI has also tweeted about this. SBI has issued a revised locker agreement incorporating customer rights. The bank has requested its customers to approach their branch and apply the revised locker agreement.
Due to this, SBI increased the debt 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. This is because there are still many customers who have not completed 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
RBI said in a statement that many customers still have not signed the revised contract. Apart from this, the banks have not yet informed the customers to do so before the due date. Apart from this, RBI also said that many bank customers are facing difficulty in doing so. Banks will also have to arrange with their customers for stamp paper, electronic execution of the agreement, e-stamping and giving copy of the agreement to the customer.
