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Jun
New Delhi, June 7, 2025 – The Reserve Bank of India (RBI) has rolled out revised guidelines for bank lockers effective 2025, focusing on enhanced security for customers and increased accountability for banks. These updated rules introduce stricter access controls, compensation limits, and guidelines on permissible locker contents.Under the new regulations, a dual-key system has been mandated, requiring the presence of both the customer and the bank to access a locker. If a locker remains unused for three years, banks are allowed to open it for inspection following due procedure.One of the most notable provisions is the compensation cap. In…