ICICI Bank Agreement for Hiring of Safe Deposit Locker: What You Need to Know
When it comes to safeguarding valuable possessions such as jewelry, important documents, or other valuable items, a safe deposit locker is often the most secure option. ICICI Bank is one of the top banks in India that offers safe deposit lockers to its customers. Here`s everything you need to know about the ICICI Bank agreement for hiring a safe deposit locker.
What is a Safe Deposit Locker?
A safe deposit locker is a service offered by banks to their customers for safeguarding their valuable items. The banks provide a locker or a vault for the customer to store their items, and the customer is the only one who has access to the locker. The banks ensure the security of the locker by putting in place strict security measures such as biometric identification, CCTV monitoring, and more.
ICICI Bank Safe Deposit Locker Features
ICICI Bank offers safe deposit locker services with the following features:
– Customers can choose from various locker sizes depending on their requirements and the availability at the branch.
– Customers can access their lockers during the bank`s working hours.
– A key and combination are provided to the customer for opening the locker.
– ICICI Bank provides insurance coverage against theft or fire for the contents kept inside the locker.
– Customers can nominate authorized persons to access the locker in case of an emergency.
ICICI Bank Safe Deposit Locker Agreement
Before renting a safe deposit locker from ICICI Bank, customers need to sign an agreement that outlines the terms and conditions of the service. Some of the key points covered in the agreement are:
– The customer needs to pay an annual fee to rent the safe deposit locker.
– The customer needs to provide a deposit to cover any damages or losses incurred due to their negligence.
– The customer needs to keep the contents of the locker within the specified size limit, weight limit, and prohibited items list.
– The bank has the right to open the locker if the customer fails to pay the rent or any other dues for an extended period.
– The bank is not liable for any loss or damage to the contents of the locker due to theft, fire, or other reasons beyond their control.
Conclusion
ICICI Bank offers a safe and secure way to store your valuable items with its safe deposit locker service. The agreement for hiring a safe deposit locker outlines the terms and conditions that customers need to adhere to. It is important to read the agreement carefully before signing up for the service to avoid any misunderstandings later on. With ICICI Bank`s safe deposit locker service, you can have peace of mind knowing that your precious items are safe and secure.