What are the 10 revised guidelines that the RBI presented?
Here are the 10 Revised Suggestions that the RBI Introduced. 1) The Liability of the banks shall be restricted to 100 cases the annual rent amount paid in case of fireplace, theft, building crumple or fraud that has been committed by the financial institution’s workers. 2) The banks will dangle to incorporate a clause in their locker agreements.
The Reserve Bank of India (RBI) has issued new guidelines for financial institution locker services and products, which is able to reach support into halt from October 1, 2019. Below the new guidelines, banks will dangle to give locker services and products to their customers on a vital-reach-first-served foundation.
Banks will even dangle to give a minimal of two locker sizes – cramped and medium – to their customers. The brand new guidelines also explain that banks can payment a maximum of Rs 100 per year for locker leases.
The RBI has also talked about that banks will dangle to give locker services and products to senior citizens and in a different way-abled persons at a reduced rate.
The brand new guidelines are aimed at offering bigger transparency and uniformity within the pricing of locker services and products by banks.