2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank’s revised bank locker rules will come into effect from January 01?
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RBI
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SBI
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ICICI
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PNB
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Explanation:
Detailed explanation-1: -The apex banking regulator had made it mandatory for all banks in the country to follow the revised bank locker rules. the amendments made by the Reserve Bank of India regarding the locker agreements have been in effect from January 1, 2023.
Detailed explanation-2: -In many cases, banks did not inform customers about the need to renew locker agreements before January 1, 2023. The deadline has also been extended as the RBI was of the opinion that the model agreement drafted by the IBA needs a revision to fully comply with the revised instructions issued in August 2021.
Detailed explanation-3: -The RBI has set 31st December 2023, as the new last date for renewal of bank locker agreements by customers.
There is 1 question to complete.