Safe Deposit Locker
Renting of safe deposit locker is a facility
extended to the customers of Ghazanfar Bank to enable them to keep their
valuables/documents etc. in specially designed lockers on payment of a
prescribed rent.
The relationship between the bank and the hirer of
the locker is that of a "Lessor and Lessee" (Licensor and Licensee).
The special feature of the locker is that the locks
fitted in lockers have dual control, i.e. they can be opened only by applying
two keys, one with the hirer and another with the custodian of lockers in the
bank. Further, as only one set of hirer's key is prepared by the manufacturer
of the lockers, the locker cannot be opened by a duplicate hirer's key. This
special feature needs to be informed to the customer whenever a locker is
rented.
Allotment of Lockers
1. Safe deposit locker
facility has been granted only to customers of the bank.
Renting of Lockers
1. Lockers can be rented only
to individuals either singly or jointly.
2. Lockers cannot be rented in
the name(s) of minors either singly or jointly.
3. Lockers can be rented in
the name of non-residents also.
4. Facility can be extended
only to customers. If a renter is not a customer of the Bank, he/she would be
requested to first open a savings/current account after complying with usual
formalities.
5. Lockers can be rented in
the name of illiterate customers subject to observing of Bank's usual procedure
relating to such accounts.
Locker Rent
1. USD 150.00 for small locker,
2. USD 300.00 for medium
locker, and
3. USD 450.00 for large locker
or its equivalent currency per annum.
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