Organisation : DBS Bank India Limited
Facility Name : Safe Deposit Locker
Country : India
Website : https://www.dbs.com/in/treasures/deposits/safe-deposit-locker
What is DBS Bank Safe Deposit Locker?
DBS, Asia’s Safest Bank offers a wide array of Safe Deposit Locker facilities across its extensive branch network for the safety of your valuables and documents. Keep your precious belongings, jewellery and ornaments secure in DBS lockers at an attractive rental. We assure peace of mind and guaranteed safety of your precious assets with our state-of-the-art locker facilities.
Related / Similar Facility : DBS Bank Fixed Deposit Application Online
Salient Features of DBS Bank Safe Deposit Locker
** Five operations per month free of charge. Rs.50.00 per operation for more than five operations
** Guaranteed safety and security with the latest burglar/ fire alarm systems
** Comfortable storage of important documents, investments, ornaments and other valuable things
** Availability of Nomination Facility
How To Apply For DBS Bank Safe Deposit Locker?
** The safe deposit locker facility can be availed by individual and non-individual KYC compliant customers of the Bank.
** To avail a Safe Deposit Locker facility, a locker application, locker agreement and two photographs of the applicants are required
** Additionally, for non-individual entities, a Board Resolution mentioning the persons authorised to access the locker and the mode of operation, along with KYC of the person(s) authorised to access the locker will be required. Safe deposit locker facility cannot be availed by Minors.
** Locker rent will be collected in advance for the entire year. Locker rent, and service charges will be decided by the Bank, depending on their size and location from time to time.
** The rent tariff and related service charges will be advised to the customers suitably and the same will be available at the branches/website.
** For timely collection of locker rent, the locker hirers are advised to have an active operative account with DBS Bank India Limited (DBIL) .
** If the customer does not have an DBS Bank Account, will have an option to be open an account in line with the Master Direction – Know Your Customer (KYC) Directions, 2016 of RBI and additionally FATCA/CRS declaration will be required.
** Standing Instructions for auto debit from the account may be set up for Annual rent to be collected from the next financial year.
** Additionally, a Term Deposit covering three years rent and locker break open charges may be collected from the locker hirer(s), as a Security Deposit. In case of non-payment of the rent, the same shall be collected from the Term Deposit.
** If locker is not available at that point of time in a particular branch, the customer has the option to place a request for locker for which DBS Bank India Ltd(DBIL) will provide a wait list number along with an acknowledgement