GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rent on locker
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Exchange on locker
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Commission on locker
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Safe custody charges
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Detailed explanation-1: -1250 to Rs. The bank fee for urban and metro areas ranges from Rs 2000 to Rs 10, 000. Charge for initial Locker registration at Axis Bank is Rs.
Detailed explanation-2: -A safe deposit box (or safety deposit box) is an individually secured container-usually a metal box-that stays in the safe or vault of a federally insured bank or credit union. Safe deposit boxes are used to keep valuables, important documents, and sentimental keepsakes protected.
Detailed explanation-3: -Annexure-A Ans: The relationship between the bank and the locker holder is that of Licensor and Licensee. Underlying facility is an agreement between the Bank (licensor) and the customer (Licensee) allowing use of the former’s locker by the latter.