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Safe Deposit Lockers
Bank of Baroda offers safe Deposit Locker facility to its customers at nominated branches. Lockers are offered in different sizes. Nominal annual rent is charged for the locker. The rent is payable in advance for the year. Since the number of locker in a branch is limited, the offer of locker depends upon the availability of vacant lockers. Bank reserve the right to offer the locker.
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Important Information
- Annual Rent is Payable in Advance
- Rental depends upon the size of the locker.
- KYC norms are applicable for locker hirers.
- Locker are not allotted to minors either singly or jointly with others.
- Other Terms and Conditions apply
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What are Safe Deposit Lockers at Bank of Baroda Fiji?
Bank of Baroda offers safe Deposit Locker facility to its customers at nominated branches. Lockers are offered in different sizes. Nominal annual rent is charged for the locker. The rent is payable in advance for the year. Since the number of locker in a branch is limited, the offer of locker depends upon the availability of vacant lockers. Bank reserve the right to offer the locker.
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Who is eligible to rent a Safe Deposit Locker?
Locker facility is granted only to customers maintaining an operative Savings or Current Account with the branch. a. If the applicant is not a customer, they must open an account.
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What documents are required to rent a Safe Deposit Locker?
- Know your customer (KYC) documents, as applicable under prevailing regulations must be submitted for the applicant. Information /documents in support of following to the satisfaction of the bank.
- Name
- Address
- Birth Certificate
- Occupation
- Specimen Signature
- Citizenship
- TIN
- IDs
- Passport Photo
- Know your customer (KYC) documents, as applicable under prevailing regulations must be submitted for the applicant. Information /documents in support of following to the satisfaction of the bank.
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What sizes and locker options are available under Safe Deposit Lockers?
- Small
- Medium
- Large
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What is the rental fee or charge for Safe Deposit Lockers?
- Small- $150 per annum
- Medium- $200 per annum
- Large- $250 per annum
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Is there a security deposit required when renting a Safe Deposit Locker?
Yes, Security deposit of $1200.00 is required for allotment of lockers
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How can I apply for a Safe Deposit Locker?
- Opening of saving accounts is required to facilitate locker facilities.
- Locker facility is granted only to customers maintaining an operative Savings or Current Account with the branch. a. If the applicant is not a customer, they must open an account. b. The operative account must be active and KYC compliant. No separate KYC required for KYC compliant operative account. c. KYC / Re-KYC guidelines to be strictly adhered.
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What items am I allowed or not allowed to store in the Safe Deposit Locker?
Valuables, documents etc
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Are there any rules for locker access and key custody?
- yes
- Only the authorized lessee(s) are permitted to operate the locker. No third-party access is allowed
- After granting access, the vault custodian exits the locker area while the customer uses the locker
- Restrictions: No operations allowed if: - Rent is overdue, (in case of rent overdue sticker or note to be placed on locker) or - KYC is non-compliant
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Can I renew or terminate the Safe Deposit Locker rental anytime?
- Yes
- Either party may terminate this Agreement by giving seven (7) days’ prior written notice to the other, before the expiry of the agreed rental period. In the event of such termination, the Lessee shall return the key of the locker to the Bank by noon on the last day of the rental period.
