Are bank lockers still the safest place for your valuables?
Last Update Date: 05-10-2026
Published by India Today
Abhishek Kumar's role: Quoted
Abhishek Kumar explained the 2022 RBI locker rules, including the limit on what a bank pays for its own negligence, set at 100 times the yearly locker rent. He advised keeping an inventory with photos, registering a nominee, visiting the locker regularly and considering separate insurance.
More of Abhishek's views on money management
The first part of an India Today series on bank lockers, the article reviews recent reports of valuables going missing from lockers. It explains the RBI's revised locker rules, why lockers are hard to get, who is responsible for what, when banks must pay compensation, and common mistakes locker holders make.
Publisher source
Are bank lockers still the safest place for your valuables?