Do you know that as per RBI , Storage of any cash is prohibited in Bank lockers?

Do you know that as per RBI , *Storage of any cash is prohibited in Bank lockers?*

A woman lost 18 lakhs kept in a locker with Bank of Baroda , Ashiana Branch. 

*Her money was infested by termites*, yes you read it right

Know this clearly:-

1) *Banks are liable to pay 100TIMES* of Annual Rent which you pay every year only *in case of fire, building collapse, or fraud*

2) *No compensation for CASH* kept in locker

3) Lockers are meant to keep jewellery, documents only

4) Operate your locker once in a quarter- 

5) Nominate it ( Locker nomination is different from bank account, note this)

Kind regards
Vijayakumar
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