For the safety and security of your valuable possessions, documents, and other important items, Sri Ganapathi Urban Co-Operative Bank Ltd. offers Safe Deposit Locker facilities at select branches. These state-of-the-art lockers are housed in secure vaults with advanced security systems to provide you with peace of mind.
Key Features and Benefits
- Safety and Security: Our lockers are built with robust security features to protect your valuables from theft and other unforeseen events.
- Convenient Access: You can access your locker during specified banking hours on all working days of the bank.
- Various Sizes: Lockers are typically available in different sizes (small, medium, large) to suit your specific needs. Availability is subject to demand.
- Nomination Facility: The bank offers a nomination facility, allowing you to nominate a person who can access the locker's contents in the event of the hirer's demise.
- Affordable Rent: Locker facilities are provided at a nominal annual rent, which varies based on the size of the locker.
Eligibility for Hiring a Locker
- Individuals: A locker can be hired by an individual, either alone or jointly with one or more persons.
- Entities: Lockers can also be hired by legal entities such as companies, associations, and trusts.
- KYC Compliance: All locker hirers must comply with the bank's Know Your Customer (KYC) norms.
- Minors: Lockers cannot be allotted to minors, either singly or jointly.
- Account Requirement: The bank may require the locker hirer to maintain a savings or current account with the bank.
Application Process
To apply for a locker, you will typically need to:
- Visit a branch of Sri Ganapathi Urban Co-Operative Bank Ltd. that offers the locker facility.
- Fill out the prescribed locker application form.
- Submit required KYC documents and photographs.
- Enter into a Locker Agreement with the bank. In case of joint applicants, all individuals must be present to sign the agreement.
- Pay the advance annual rent and any applicable one-time charges or security deposits.
Terms and Conditions
- Annual Rent: The locker rent is payable in advance for the financial year.
- Security Deposit: The bank may require a minimum fixed deposit as security to cover a few years' rent and charges for breaking open the locker in case of non-payment or other eventualities.
- Locker Operations: The locker can be operated only by the hirer(s) during banking hours. You will be required to sign a register each time you access the locker.
- Loss of Key: In case of the loss of a locker key, the hirer must immediately inform the bank. Charges for breaking open the locker and replacing the key will be borne by the hirer.
- Unoperated Lockers: The bank reserves the right to take action, including breaking open the locker, if it remains unoperated for a specified period, even if the rent is paid regularly.
