 Quick Success Series - Technology

 April 24, 2010


 Quick
QUICK SUCCESS SERIES, an initiative of
SBLC Deoghar to facilitate the preparation
of promotion seeking personnel of our

 Success Bank, appears to have succeeded in its ob-

jective to a large extent, as the readers are
still approaching us for its revi-

 Series sion/updation despite availability of plenty

of other study materials.
  We would not have been able to sustain
this unique effort of ours, without the ac-
tive support and continuous encourage-
ment of our DGM cum Circle Development
officer Sri Bijayananda Padhi. We are deep-
ly indebted to him for his co-operation and
guidance.
 Sri Rakesh Roshan, Chief Manager
(Training), Sri Kumar Priyank, Chief
Manager (Training),Sri Sanjay Kumar
 Safe Custody, Security, Sharma,Manager(Training)and Sri Jitendra
Kumar Arun, Manager(Training) at this
 Safe Deposit Article SBLC have owned up this project and have
taken pains to keep it relevant to the users
 & by updating & improving it at half yearly
interval.

 Safe Deposit Locker  Though every care has been taken while
updating the contents, we request our
readers to point out any lapses at the earli-
est. Needless to mention this book is not a
substitute of circular instructions issued by
the Bank from time to time. For detailed
guidelines please refer to Bank’s latest cir-
culars. Soft copy of this edition is available
on our ftp://10.151.51.33 in QSS folder and
on SBI TIMES>PATNA CIRCLE>SBLC Deog-
har site.

 Team SBLC Deoghar is humbled by the
response and recognition, it is receiving
from the readers within and beyond the
circle. We wish the readers grand success in
their endeavours.
 Sri Abhishek Kumar Sharma
 Assistant General Manager,
 State Bank Learning Centre,
 Deoghar- 814112
 Phone- 06432-232895
 Fax - 06432-231810
 e-mail: agmstc.deoghar@sbi.co.in

 Updated By: Rakesh Roshan

 Chief Manager (Training)
 SBLC Deoghar
 Mobile- 9162370185
 Updated Upto
st
 Email- r.roshan@sbi.co.in  31 October 2016

 [Type text] Page 1

 Quick Success Series
Safe custody, security Safe deposit articles & Safe Deposit Lockers
31st October 2016
 Safe Custody
 Safekeeping of Shares, Bonds, Govt Se-
curities, TDRs, Magnums etc entrusted by cus-
tomers to the Bank is known as Safe Custod
 Relationship between Customer & Banker
in case of Safe Custody: Bailer & Bailee
 Scrips accepted under Safe Custody are
entered in: Safe Custody Ledger
 Separate folio for each of the Govt. Secur-
ities, Shares etc are maintained in Safe Cus-
tody Register to know at any time the number
& value of the different types of scrips held as
safe custody
 Safe Custody/ Security are balanced once
in Half Year
 Bearer Bonds, IVPs, TDR/STDR are held in
Joint Custody of Manager (cash) & Branch
Manager
 When a Scrip is withdrawn for renewal, it
will be entered in :Securities Ex-Custody Reg-
ister
 When a Govt Security is sent to PDO for
interest collection, it will be entered in
:Interest realized on securities register
 When securities are sent for sale under
instructions from the customer, they are en-
tered in: Securities and Shares Purchase &
Sale Register
 Safe custody account has to be opened in
the same name as found in the scrip
 Safe Custody A/c in the name of Minor
can be opened only in respect of:TDR and not
other securities
 In case of joint A/cs, COS 141R must be
obtained regarding delivery either to the ac-
count holders jointly or to one or more of
them or the survivor(s)
 Safe Custody Receipt (COS 139 A) is issued
to the depositor as acknowledgement of
scrips for safe custody. It is required at the
time of delivery of scrips to the depositor. In
case of loss of receipt, indemnity is required
to be obtained before delivery of the scrips.
 Sometimes, a Memorandum of Securities
(COS 339) is given to the depositor. It is a
mere narration of the fact of the deposit on a
particular date. Therefore, no indemnity is re-
quired in case it is lost.
 Memorandum of securities can be issued
in respect of both security & safe custody ac-
 2
counts whereas safe custody receipt is issued
only in respect of Safe custody accounts.
 Safe Custody scrips must be delivered to
the depositor only against his acknowledge-
ment on COS 49 after verifying his signature.
 Securities and shares held by the bank in
safe custody in the names of deceased. Con-
stituent must ordinarily be delivered to the
legal representative of the deceased. Without
production of legal representation on affida-
vit-cum-indemnity basis, as per discretionary
powers given to different functionaries.. For
this purpose, the value of the securities,
shares etc. will be computed ay market value
or redemption value whichever is higher.
 If all the legal heirs do not join in execut-
ing the indemnity or if there is a dispute be-
tween them, the Bank can insist on suitable
legal representation. Since Indian Succession
Act covers debts & securities, the scrips held
under Safe Custody A/c can be delivered
against succession certificate.
 The Safe Custody in CBS deals with two
major functions viz.:
i)Safe Custody of articles/ scrip
ii)Security Register/ Ledger and mainte-
nance of Gold ornaments.
 The Safe Custody in CBS handles:
 Issue of Safe Custody Receipt to the cus-
tomers
 Printing of COS 49
 Ex-custody Register functions
 Types of Safe Custody:
 1. Safe Custody of Articles/ Envelopes for
regular customers
 2. Safe Custody of Collateral like paper-
based Securities given by customers as
Collateral. It is implemented in 4 types of
Collaterals:
a. Gold Securities
b. Shares Securities
c. Paper-based Securities
d. TDR Securities
 Quick Success Series
Safe custody, security Safe deposit articles & Safe Deposit Lockers
31st October 2016
 Securities
 All scrips like TDRs, STDRs, NSCs, KVIPs,
IVPs and Shares which are offered as security
for obtaining any loan constitutes-Securities
 Except IVPs/TDRs/STDRs all other securi-
ties are kept under: Single custody.
 Scrips accepted as security are entered in
Securities Ledger & Securities Register
 TDRs/STDRs accepted as security for ad-
vance are entered in Term Deposit Joint Cus-
tody Register
 Life Insurance Policies accepted as securi-
ty for advance should be entered in Miscella-
neous Security Register
 In case of death of a customer having a
security A/c, the Bank can continue to collect
the interest and credit it to his overdraft A/c as
the Bank’s Agency is coupled with interest.
However, in respect of a safe custody a/c, the
mandate will lapse on the death of the cus-
tomer
 Safe Deposit Article
 Safekeeping of articles other than parcels
received on account of L.S.C. bills, belonging to
customers is Safe Deposit Article
 Relationship between Customer & Banker
in case of Safe Deposit Article: Bailer & Bailee
 A receipt (COS 138-R) is issued to the de-
positor stating “Received a sealed cover / box
the contents of which are unknown but said to
contain…..”. The same is recorded on the
packet / box also. In case of loss of receipt, de-
livery of the articles can be made only against
indemnity.
 Packets containing ‘Will’ must be super
scribed by the maker-depositor with the le-
gend “Deliverable to Sri ………………………. on
application”. Such packets should not contain
stipulations like “please deliver to Sri ……….. on
my death” as it would be difficult to fulfill such
directions. Also, only the packet containing the
‘Will’ will be delivered on proof of death of the
depositor and not any other packet kept as
safe deposit. Other articles, if any will be deli-
vered to legal representatives on production of
probate.
 Packets of duplicate keys of other banks
etc should be accepted only from and deliver-
able to the persons authorized to handle such
 3
keys. Such packets are kept free of charge by
convention. Normal charges are recovered
from LIC and Central and State Warehousing
Corporations
 Nomination facility is available. Only one
individual can be named as nominee. Nomi-
nation is not available in case of joint accounts
(viz:E or S, A or S) with survivorship benefit as
in case of lockers.
 In case nomination is not available Safe
Deposit Articles may be delivered on affidavit
cum indemnity basis.
 If all the legal heirs do not join in execut-
ing the indemnity or if there is a dispute be-
tween them, the Bank can insist on suitable le-
gal representation. Indian Succession Act cov-
ers only debts & securities. It is not applicable
to safe deposit articles or items kept in lockers.
Therefore, Safe Deposit articles standing in the
name of a deceased depositor can be delivered
only against production of a probate or a letter
of administration. However, In the states of UP
& MP, succession certificate is applicable to
Safe deposit articles and safe deposit lockers
also.
 Safe Deposit Lockers
 RBI has issued revised guidelines on Safe
Deposit Lockers/Safe Custody of Articles based
on the recommendations of the Committee on
Procedures and Performance Audit on Public
Services.
 Relationship of the Banker and the hirer
in case of lockers -Licensor & licensee, estab-
lished by stamped agreement (COS 404).
 The customer puts his signature in “LOCK-
ER ACCESS REGISTER” when he has to operate
the locker.
 If the locker is in joint names, mandate of
the operation should be verified and access to
the hirer(s) should be allowed as per mandate.
If a notice of revoking of mandate of operation
is received, the access should be allowed
jointly. The revocation letter may be given by
any one of the joint hirers.
 The Bank has particular Lien & can recov-
er the arrears in rent by sale of the contents af-
ter giving adequate notice. Controlling authori-
 Quick Success Series
Safe custody, security Safe deposit articles & Safe Deposit Lockers
31st October 2016
ty’s prior permission has to be obtained in
each case.
 For the unrented or surrendered lockers,
both the keys (custodian key and hirers’ key)
should not be held by the same official. Ade-
quate arrangements should be made for safe
and separate custody of both the keys.
 Multiple Locker facility can be availed by
the customer also, subject to the availability of
the locker at the Branch. Branches should
strictly follow RBI instructions on risk assess-
ment of the customers ((e-cir:645/2012-13
dt:01/10/2012),e-cir:655/2012-13
dt:04/10/2012.
 More than ordinary care should be taken
while allotting more than one Locker to a cus-
tomer either singly or jointly. .(e-cir:414/2013-
14 dt:25/07/2013)
 The officer in charge should check the
locker room immediately after the locker hirer
has used it to ensure that hirer has not left any
valuable belongings outside locker inadver-
tently and he/she has properly closed the
locker door.
 Locker cannot be allotted to a minor nei-
ther as a single nor a joint account with other.
 Locker can be allotted in the name of
blind/visually impaired person(s), literate or il-
literate, single or joint operation with other
person permitted
 A locker can also be rented out to a Non
Resident
 Power of Attorney holder can operate the
Locker but cannot surrender the locker
 In case of Joint A/c (E or S), locker can be
surrendered and the account closed by both of
them only.
 7 days notice should be given before clos-
ing Locker A/c
 Lockers to be allotted on first come first
serve basis, provided the applicant is eligible
for the same and is complying with the KYC
norms without insisting for deposits.
 However To ensure prompt payment of
rent, Branch should obtain a STDR from new
hirers that would cover 3 years rent and the
charges for break open in case of an eventuali-
ty.
 4
 80% of the lockers to be issued on First
come first basis whereas 20% may be issued as
per BM’s discretion
 New Clause to be incorporated in Locker
Agreement
“In case the locker remains un-operated
for more than one year, the bank would
have right to cancel the allotment of the
locker and open the locker, even if the
rent is paid regularly” (for the time being
a suitable rubber stamp may be used)
(Rationale: To enable the bank to go for
break open of non operated lockers for
more than one year belonging to the High
Risk category customers and 3 years for
medium risk category customer after giv-
ing a 15 day notice, even though the lock-
er rent has been paid regularly. Further,
branch should ask the locker hirer to give
in writing, the reasons why he / she did
not operate the locker for such a long pe-
riod. In case the locker-hirer has some ge-
nuine reasons as in the case of NRIs or
persons who are out of town due to a
transferable job etc., branch may allow
the locker hirer to continue with the lock-
er) .(e-cir:414/2013-14 dt:25/07/2013)
 For New Hirers: Locker rent will be paya-
ble in advance up to 31st March of current
financial year on pro rata basis together with
12 month rent of the following year and on
2nd April every year thereafter. Registration
Charge (one time)- Rs. 843/- should also be
charged.
 Branch should provide a copy of the
locker agreement regarding operation of the
locker to the locker hirer at the time of al-
lotment of the locker.
 For Existing hirers: Locker rent will be
payable up to next 31st March and on 2nd
April every year thereafter.
 Procedure to be followed in case of non-
payment of rent
 i)Reminder sent on due date if no balance in
the A/c
 ii)If not paid, another reminder after 3
months
 iii)Notice on COS 405 after 6 months
 iv)Notice on COS 406 after 1 year
 Quick Success Series
Safe custody, security Safe deposit articles & Safe Deposit Lockers
31st October 2016
 v) Controlling authority’s approval to be ob-
tained for breaking open the locker
 vi)Locker should be broken open in presence
of a committee which may comprise of Notary
Public, Bank’s Advocate and 5 independent
witnesses
 vii)Inventory of contents (Panchnama) to be
prepared in presence of witnesses
 viii)Contents to be valued by an approved
Govt. Valuer and kept on record
 ix)Contents are kept as a Safe Custody item
under joint custody of Joint Custodians
 Access to the Safe Deposit Lockers/Return
of Safe Custody Articles to Survi-
vor(s)/Nominee(s)/Legal heir(s)
( e.cir:511/2007-08 dt:22/11/2007)
 Access to the Safe Deposit Lockers/ Return of
Safe Custody Articles (with survivor/nominee
clause):
 (a) When it is reported that the locker hirer is
dead, a noting should be made in the locker
ledger, key register, systems and on the
locker itself.
 (b) If the sole locker hirer nominates a per-
son, branch should allow access of the locker
to such nominee and liberty to remove the
contents of the locker in the event of the
death of the sole locker hirer. In case the
locker was hired jointly with the instructions
to operate it under joint signatures and the
locker hirers nominate one or more person(s)
as nominee(s), in the event of death of any of
the locker hirers, the branch should give ac-
cess of the locker and the liberty to remove
the contents jointly to the survivor(s) and
the nominee(s). In case the locker was hired
jointly with survivorship clause and the hirers
instructed that the access of the locker
should be given over to 'either or survi-
vor’,'anyone or survivor,' 'former or survivor'
or according to any other survivorship clause,
branch should follow the mandate in the
event of the death of one or more of the
locker hirers. However, branch should take
the following precautions before handling
over the contents.
 Branch should exercise due care and caution
in establishing the identity of the survivor(s)/
 5
nominee(s) and the fact of death of the
locker hirer by obtaining appropriate docu-
mentary evidence. The genuineness of the
documents must be ensured.
 (ii) Branch should make diligent effort to find
out if there is any order from a competent
court restraining the branch from giving ac-
cess to the locker of the deceased; and iii)
Branch should make it clear to the survi-
vor(s)/nominee(s) that access to locker/safe
custody articles is given to them only as a
trustee of the legal heirs of the deceased
locker hirer i.e. such access given to him/ her
shall not affect the right or claim which any
person may have against the survi-
vor(s)/nominee(s) to whom the access is
given. Similar procedure should be followed
for return of articles placed in the safe cus-
tody of the branch. Branch should note that
the facility of nomination is not available in
case of deposit of safe custody articles by
more than one person.
 (c) Branch should note that since the access
given to the survivor(s)/nominee(s), subject
to the foregoing conditions, would constitute
a full discharge of the bank's liability, insis-
tence on production of legal representation
is superfluous and unwarranted and only
serves to cause avoidable inconvenience to
the survivor(s)/nominee(s) and would, there-
fore, invite serious supervisory disapproval.
In such case, therefore, while giving access to
the survivor(s)/nominee(s) of the deceased
locker hirer/depositor of the safe custody ar-
ticles, the branch should not insist on pro-
duction of succession certificate, letter of
administration or probate, etc., or obtain any
bond of indemnity or surety from the survi-
vor(s)/nominees(s).
 Access to the Safe Deposit Lockers/ Return of
Safe Custody Articles (without survi-
vor/nominee clause):
There is an imperative need to avoid incon-
venience and undue hardship to legal heir(s)
of the locker hirer(s). In case where the de-
ceased locker hirer had not made any nomi-
nation or where the joint hirers had not given
any mandate that the access may be given to
one or more of the survivors by a clear survi-
 Quick Success Series
Safe custody, security Safe deposit articles & Safe Deposit Lockers
31st October 2016
vorship clause, following procedure may be
adopted.
(i) In case of death of a sole locker hirer
(where there is no nomination) and there is a
valid will, probate may be obtained and ac-
cess may be given to the execu-
tor/administrator. In other cases, access may
be given to the legal representative of the
deceased. In such cases death certificate and
proof of the legal representation should be
obtained.
(ii) Where there are joint locker hirers and as
per the contract of locker hire, the locker is
to be operated jointly and there is no nomi-
nation, if one of the hirers dies, access may
be given to the survivor jointly with the legal
heirs of the deceased hirer. In such cases,
death certificate and proof of the legal repre-
sentation should be obtained.
(iii) Where there are joint locker hirers having
a locker with ‘either or survivor’ clause
(nomination not allowed), access may be
given to the survivor in case of death of one
of the hirers. In such cases, only death certifi-
cate should be obtained.
(iv) Where there are joint locker hirers and
all the hirers die and where there is no nomi-
nation, access may be given jointly to the le-
gal heirs of all the deceased hirers (or the ex-
ecutors/administrator, if appointed).In such
cases, death certificate and the proof of legal
representation should be obtained.
 Branch should be guided also by the provi-
sions of Sections 45 ZC to 45 ZF of the Bank-
ing Regulation Act, 1949 and the Banking
Companies (Nomination) Rules, 1985 and the
relevant provisions of Indian Contract Act
and Indian Succession Act.
 Branch should prepare an inventory before
returning articles left in safe custody/ before
permitting removal of the contents of a Safe
Deposit Locker. The inventory shall be pre-
pared in the presence of two officers of the
branch and two independent witnesses in
the appropriate forms as circumstances re-
quire (Specimen copies of the forms are en-
closed as Annexures to the circular).
 In case the nominee(s)/ survivor(s)/ legal
heir(s) wishes to continue with the locker,
branch may enter into a fresh contract with
 6
nominee(s)/ survivor(s)/ legal heir(s) and also
adhere to KYC norms in respect of the nomi-
nee(s) / legal heir(s). Branch is not required
to open sealed/closed packets left with it for
safe custody or found in locker while releas-
ing those to the nominee and surviving locker
hirer/ depositor of safe custody article.
 In order to facilitate the identification of Safe
Deposit Lockers on the basis of locker keys,
branch should arrange to emboss on all
locker keys, an identification code which
could indicate the bank and the branch pro-
viding the locker. Accordingly, the following
procedure will be followed:
i) In respect of purchase of new locker cabi-
nets for the branch, the supplier of locker
cabinets should engrave all the keys of the
lockers with abbreviation of State Bank of In-
dia and five digit branch code e.g. SBI/00001
as identification code. Fresh locker cabinets
should not be purchased without identifica-
tions marks engraved on the relative keys.
ii) As regards existing hirers/ lockers in use,
branch should arrange for sending letters to
the existing locker hirers informing them to
remain present in the branch premises on
predetermined time and date and at the
same time requesting the officials of the
vendor company of the locker cabinet to de-
pute technician for doing the engraving work.
The identification code would be engraved
on the locker key in the presence of the
locker holder only.
 Introduction to SDV (Locker) in B@ncs24:
 The SDV Module covers opening of SDV ac-
count, operation of locker, collection of rent
and surrender of Lockers. However, Locker
Access Register is to be maintained manually.
Each SDV is another a/c in CBS. Every Locker
Number will be an account in Core. CDC cre-
ates and generates an account number for
each Locker. The branch will then allot an
SDV account number to the locker lessees.
 The branch has to create cabinets and lockers
thereof by using a separate menu-‘Safe De-
posit Vault’. Cabinet creation and Locker
creation can be done only by officers with
user type of 40, 45, 50 or 60. This is a one-
time activity.
 Quick Success Series
Safe custody, security Safe deposit articles & Safe Deposit Lockers
31st October 2016
 If the status of the Locker is ‘Inactive’, it can-
not be allotted to anybody.
 When a customer wishes to avail of Locker
facility, an SDV account is to be created. Pre-
conditions: CIF Number for the customer
should pre-exist in the system.
 When the customer wishes to convert SDV
account as joint account, CIF of joint account
holder is to be created if not existing.
 In the Field ‘Accessing Customer’, give the CIF
of the customer (s), who is/ are being in-
cluded as a Joint Account Holder (s).
 In case of giving access to Power of Attorney
Holder, input the CIF of the Power of Attor-
ney Holder’ in the Field ‘Accessing Customer’,
under ‘Power of Attorney’.
 The Locker status may have to be changed
when the customer wants to discontinue the
Locker facility or when he/ she lose the
Locker key. The status of locker is changed to
– ‘Cut open’ when there is a need to break
open the Locker.
 When the customer surrenders locker, the
locker key should be exchanged with an
available locker as a security measure. After
physically interchanging the keys, the details
are entered in the system
 All Locker keys to be embossed with iden-
tification code which could indicate the Bank
and Branch which has rented out the locker.
(Rationale: To facilitate identification of Safe
Deposit Locker on the basis of locker keys by
the Income-Tax and other investigating au-
thorities)
 Keys of vacant and surrendered lockers
should be kept with the person other than
person holding custodian (master) key
 Locks of surrendered lockers should be in-
terchanged among the surrendered lockers
before allotting to a new hirer.(Rationale: To
ensure against any attempt by previous locker
hirer to try to open/operate the surren-
dered locker)
 Search warrant for Locker issued by In-
come Tax Department should bear Signature
of official not below the rank of Commissioner
of I.T. of search authority. (Sec 132of I tax act)
 In case of search, hirer’s presence is not a
must. He/ She may be invited to witness the
search
 7
 In the lockers hired in joints names, if key
is reported lost, the advising letter should be
signed by all the hirers.A service charge
ofRs..750/-+ST has to be recovered from hirer,
in addition to the actual expenditure incurred
for breaking open the locker and changing the
lock by manufacturers of lockers
 Nomination facility is available under Sec
45 ZE of Safe Deposit Lockers.
 Only one individual can be named as no-
minee in case of locker in single name
 In case of Joint operation without survi-
vorship benefit, each locker holder can nomi-
nate a person
 Nomination is not available in case of
joint accounts with survivorship benefit.
 In case nomination is not available items
in Safe Deposit Locker of a deceased person
may be delivered to legal heirs on affidavit
cum indemnity basis.
 If all the legal heirs do not join in execut-
ing the indemnity or if there is a dispute be-
tween them, the Bank can insist on suitable
legal representation. Indian Succession Act
covers only debts & securities. It is not appli-
cable to articles kept in lockers. Therefore,
Safe Deposit Lockers standing in the name of
a deceased depositor can be delivered only
against production of a probate or a letter of
administration. However, in the states of UP
& MP, succession certificate is applicable to
Safe deposit lockers also.
 For Latest Service Charge Revised w.e.f
01.01.2016
(e.cir:1202/2015-16 dt:31/12/2015)
Registration Charge (one time)- Rs 500/-
+ST
Annual Rent New Size/ Type:
Small:Size A:125 x 175 x 492
Size B:159 x 210 x 492
(Metro & Urban Centres:Rs..1100/-)+ST
(Semi-urban & Rural:Rs..800/-)+ST
Medium:
Size:C:125X352X492;
Size:D:189X263X492
Size:E:159x423x492
Size H1:325X210X492
Metro & urban Centres:Rs..2800/-+ST
Semi-urban & Rural:Rs..1800/-+ST
 Quick Success Series
Safe custody, security Safe deposit articles & Safe Deposit Lockers
31st October 2016
Large:
Size:F:278X352X492
Size:G:189X529X492
Size:H:325x423x492
Metro & Urban Centres:Rs..6000/-+ST
Semi-urban & Rural:Rs..5000/-+ST
Extra large:
Size L:404X529X492
Size:L1:385X529X492
Metro & Urban Centres:Rs..8000/-+ST
Semi-urban & Rural:Rs..7000/-+ST
 No.of Locker visits per year: 12 visits free:
thereafterRs..100/-+ST. per visit to be
recovered manually.**
 Locker Rent Overdue Charges:
(TO BE RECOVERED MANUALLY)
1st Quarter 10% of annual rent.
2nd Quarter 25% of annual rent
3rd Quarter 40% of annual rent
1yr 50% of annual rent.
For More than 1 Yr-Locker to be broken
(overdue period is classified as under:
S.I. set up on say, 1st April, 14 for Advance
rental for the financial year 2014-15, (Overdue
charges @10%/25%/40%/50% of annual rent
to be levied on 1st July,2015/1st October
2015/1st January2016 / 1st April 2016 respec-
tively, if remaining unpaid t that date.)
(e.cir:1202/2015-16 dt:31/12/2015)
 Safe custody charges
a) Scrips (for each scrip)-Rs..150/- +ST per
scrip. Min.Rs..300/-+ST p.a. or part thereof
b) Sealed cover (for eachcover)-Rs..300/-+ST
per cover p.a. or part thereof.
c) Bank’s own deposit receipt- Nil
 Safe deposit articles
(To Be Recovered Manually)
Rs..600/- +ST one time charge for all kinds of
Safe Deposit Articles
Additional charge for Envelope (p.a) -Rs..150/-
+ S.T.
Additional charge for Packet:Rs..600/-+ST p.a.
Additional charge for Large packet / Box –
Rs..1200+S.T. p.a. (100 cm. max)
Beyond thatRs..50/- per. cm.+ST
 8
 In case of loss of key a service charge
ofRs..750/-+ST is to be recovered from
the hirer of the locker in addition to the
actual expenditure incurred for breaking
open the locker and changing the locker
key by the manufacturer of locker.
 NOMINATION FORM SL 1
(By Sole Hirer of Safety Locker)
Nomination under Section 45ZE of the Banking
Regulations Act, 1949 and Rule 4(1) of the Bank-
ing Companies (Nomination) Rules, 1985 by Sole
Hirer in respect of Safety Locker
 NOMINATION FORM SL 1A
(By Joint Hirers of Safety Locker)
Nomination under Section 45ZE of the Banking
Regulations Act, 1949 and Rule 4(2) of the Bank-
ing Companies (Nomination) Rules, 1985 by Joint
Hirers in respect of Safety Locker
 NOMINATION FORM SL 2
(For Cancellation of Nomination of Safety Locker)
Cancellation of nomination under Sections 45ZE
and 52 of the Banking Regulations Act, 1949 and
Rule-4(5) of the Banking Companies (Nomination)
Rules, 1985 in respect of Safety Lockers
 NOMINATION FORM SL 3
(Variation of Nomination by Sole Hirer of Safety
Locker)
Variation of nomination under Sections 45ZE and
52 of the Banking Regulations Act, 1949 and Rule
4(6) of the Banking Companies (Nomination)
Rules, 1985 by Sole Hirer in respect of Safety
Locker
 NOMINATION FORM SL 3A
(Variation of Nomination by Joint Hirers of Safety
Locker)
Variation of nomination under Sections 45ZE and
52 of the Banking Regulations Act, 1949 and Rule
4(7) of the Banking Companies (Nomination)
Rules, 1985 by Joint Hirers in respect of Safety
Locker.