Universal Co-Operative Urban Bank Ltd. provides Safe Deposit Lockers as a service to its customers to secure their valuables and important documents. The bank aims to offer a safe, confidential, and reliable space for your belongings, protecting them from theft, fire, and other risks.
Key Features & Rules:
Eligibility: Lockers can be hired by individuals (singly or jointly), as well as firms, limited companies, trusts, societies, associations, and clubs.
Application & Allotment:
- To apply for a locker, you must fill out the bank's application form.
- Lockers are allotted on a "first-come-first-served" basis.
- The bank maintains a waitlist if lockers are not immediately available.
- Due diligence and KYC (Know Your Customer) norms are applied before allotment.
Locker Operation:
- Lockers can be operated only on bank working days and during business hours.
- The bank sends an SMS or email alert to the registered contact number/email address after each locker operation as a security measure.
- Customers are required to sign a locker operation register each time they access their locker.
Locker Rent:
- Locker rent is recovered on an annual basis.
- The lease period is one year from the date of hiring and is automatically extended unless terminated.
- A caution deposit may be required to cover three years' rent and the charges for breaking open the locker in case of non-payment.
Security & Confidentiality:
- The bank ensures the utmost secrecy of the locker contents.
- It is the customer's responsibility to keep the locker key safe.
- The bank's liability in the event of loss due to incidents like fire, flood, or fraud by employees is limited to an amount equivalent to one hundred times the prevailing annual rent (excluding taxes).
Important Points:
- Lockers are for storing valuables and documents, not for storing cash, weapons, explosives, or any illegal or perishable materials.
- Nomination facilities are available.
- The locker agreement, which outlines the terms and conditions, is provided to the customer at the time of allotment.
For specific details on locker charges (rent) and availability, it is recommended to directly contact or visit a Universal Co-Operative Urban Bank Ltd. branch.
