THE BANK’S DISCHARGE FROM OBLIGATIONS AND LIABILITY. 4.1 The Bank shall not be liable for in any case for deterioration or damage to the contents of the Locker whether caused by rain, flood, earthquake, lighting, civil disturbance or commotion, riot or war or in the event of any terrorist attack or by any other similar cause(s).
4.2 The Bank shall not be liable for any damage/ loss of contents of the Locker arising from any act that is attributable to the fault or negligence of the Customer whatsoever.
4.3 The Bank shall be discharged of its obligations and shall not be liable for any cost, loss or liability incurred by the Customer (including for any damage and/or loss of contents of Locker) in the event the Locker is broken open and its contents dealt with in keeping with the provisions of this Agreement.
4.4 Regardless of the above, the Bank’s liability on the Locker shall always be subject to limitation under the applicable law and regulation.
THE BANK’S DISCHARGE FROM OBLIGATIONS AND LIABILITY. 4.1 The Bank shall not be liable for in any case for deterioration or damage to the contents of the Locker whether caused by rain, flood, earthquake, lighting, civil disturbance or commotion, riot or war or in the event of any terrorist attack or by any other similar cause(s).
4.2 The Bank shall not be liable for any damage/ loss of contents of the Locker arising from any act that is attributable to the fault or negligence of the Customer whatsoever.
4.3 The Bank shall be discharged of its obligations and shall not be liable for any cost, loss or liability incurred by the Customer (including for any damage and/or loss of contents of Locker) in the event the Locker is broken open and its contents dealt with in keeping with the provisions of this Agreement.
4.4 Regardless of the above, the Bank’s liability on the Locker shall always be subject to limitation under the applicable law and regulation.
4.5 The contents of the Locker shall in no manner be considered insured by the Bank, and the Bank shall not have any liability to insure the contents of the locker against any risk whatsoever.
4.6 The Bank is not required to be aware of the contents of locker or maintains any records of any article/s removed from or placed in the locker by the Lessee/s. The Bank under any circumstances is not liable to insure the contents of the locker against any risk whatsoever.
THE BANK’S DISCHARGE FROM OBLIGATIONS AND LIABILITY. 6.1 The Bank shall not be liable for in any case for deterioration or damage to the contents of the Locker whether caused by rain, flood, earthquake, lighting, civil disturbance or commotion, riot or war or in the event of any terrorist attack or by any other similar cause(s).
6.2 The Bank shall not be liable for any damage/ loss of contents of the Locker arising from any act that is attributable to the fault or negligence of the Customer whatsoever, including negligence of the Customer while operating the Locker, such as failing to properly close his Locker, dropping down the valuables or by failing to place the valuable(s) inside the Locker absent-mindedly, or any other actions of the Customer.
6.3 The Bank shall be discharged of its obligations and shall not be liable for any cost, loss or liability incurred by the Customer (including for any damage and/or loss of contents of Locker) in the event the Locker is broken open and its contents dealt with in keeping with the provisions of this Agreement.
6.4 Regardless of the above, the Bank’s liability on the Locker shall always be subject to limitation under the applicable law and regulation.
6.5 The Customers in their own interest, may insure any item of value deposited in Locker with the Bank.
6.6 The Bank does not keep a record of the contents of the Locker or of any articles removed therefrom or placed therein by the Customer. The contents of the Locker shall in no manner be considered insured by the Bank, and the Bank shall not have any liability to insure the contents of the Locker against any risk whatsoever.
6.7 Parties acknowledge that as banks cannot claim that they bear no liability towards their customers for loss of contents of the locker, in instances where loss of contents of locker are due to incidents like fire, theft/ burglary/ robbery, dacoity, building collapse do not occur in the Bank’s premises due to its own shortcomings, negligence and by any act of omission/commission or attributable to fraud committed by its employee(s), the Banks’ liability shall not exceed an amount equivalent to one hundred times the prevailing annual rent of the Locker
THE BANK’S DISCHARGE FROM OBLIGATIONS AND LIABILITY. 4..1 The Bank shall not be liable for in any case for deterioration or damage to the contents of the Locker whether caused by rain, fire, flood, earthquake, lighting, civil disturbance or commotion, riot or war or in the event of any terrorist attack or by any other similar cause(s).
THE BANK’S DISCHARGE FROM OBLIGATIONS AND LIABILITY. 4.1 The Bank shall not be liable for in any case for deterioration or damage to the contents of the Locker whether caused by rain, fire, flood, earthquake, lighting, civil disturbance or commotion, riot or war or in the event of any terrorist attack or by any other similar cause(s).
4.2 The Bank shall not be liable for any damage/ loss of contents of the Locker arising from any act that is attributable to the fault or negligence of the Customer whatsoever.
4.3 The Bank shall be discharged of its obligations and shall not be liable for any cost, loss or liability incurred by the Customer (including for any damage and/or loss of contents of Locker) in the event the Locker is broken open and its contents dealt with in keeping with the provisions of this Agreement.
4.4 Regardless of the above, Bank’s liability shall be restricted to one hundred times the prevailing annual rent of the safe deposit locker.
THE BANK’S DISCHARGE FROM OBLIGATIONS AND LIABILITY. 4.1. The Bank shall not be liable for in any case for deterioration or damage to the contents of the Locker whether caused by rain, flood, earthquake, lighting, civil disturbance or commotion, riot or war or in the event of any terrorist attack or by
(f) Inform the Bank forthwith in case of loss of the key, password or any other identification mechanism provided by the Bank for the operation of the Locker;
(g) Return forthwith to the Bank in case of finding the key, password or any other identification mechanism provided by the Bank for the operation of the Locker, earlier having been reported to the Bank as lost;
(h) Pay to the Bank the Rent when due and bear all costs incurred by the Bank for-
i. Changing the lock and repairs to the Locker on the Customer’s reporting of loss of key provided by the Bank; and
ii. Breaking open of the Locker in terms of this Agreement.
(i) Inform the Bank forthwith in case of the change of address of the Customer providing new address and contact details including phone number, email id, mobile number etc.
(j) According to RBI, the locker must be operated at least once in every year. The Bank would have the right to cancel the allotment of the locker and open the locker even if the rent is paid regularly.
(k) The Customer as licensee(s) shall indemnify the Bank against any
THE BANK’S DISCHARGE FROM OBLIGATIONS AND LIABILITY. “Banks shall take all steps for the safety and security of the premises in which the safe deposit vaults are housed. It has the responsibility to ensure that incidents like fire, theft/ burglary/ robbery, dacoity, building collapse do not occur in the bank’s premises due to its own shortcomings, negligence and by any act of omission/commission, in instances where loss of contents of locker are due to incidents mentioned above or attributable to fraud committed by its employee(s), the banks’ liability shall be for an amount equivalent to one hundred times the prevailing annual rent of the safe deposit locker.”
