RBI Rules; Who will compensate for theft from a bank locker? Know the RBI rules..

A large number of people in the country avail themselves of locker services provided by banks. People store their jewelry, gold, silver, and important documents in these lockers, believing their belongings are safe. However, incidents such as theft, robbery, or fire at the bank can sometimes lead to the loss or damage of these items. In such cases, the crucial question arises: who will compensate for the loss?

**What the RBI Says**