A locker is operated by double lock system, the first key to be used being the MASTER KEY which is in the bank's possession and the second key being the HIRER'S KEY to be kept by the Hirer
The operative timings for safe deposit vaults / strong room should be allowed up to one hour after the closing of the business hour (excluding intervening lunch hour). On days when the branches work for half day, the locker operations will be upto business hours only.
Safe Deposit Locker can be opened by the minor individually duly represented by the natural guardian or jointly with natural guardian.
The hirers should submit application in the prescribed and personally call at the Branch to sign the hire contract.
When a particular locker is allotted to an applicant, Safe Deposit Locker Agreement should be got executed by him in nonjudicial stamp paper of appropriate value.
The rent of the lockers is fixed from time to time depending upon the size of the locker (small size, medium size and large size) and also considering the area where the branch is situated (Rural,Semiurban &Urban Area).
A locker is operated by double lock system, the first key to be used being the MASTER KEY which is in the bank's possession and the second key being the HIRER'S KEY to be kept by the Hirer
The operative timings for safe deposit vaults / strong room should be allowed up to one hour after the closing of the business hour (excluding intervening lunch hour). On days when the branches work for half day, the locker operations will be upto business hours only.
Safe Deposit Locker can be opened by the minor individually duly represented by the natural guardian or jointly with natural guardian.
The hirers should submit application in the prescribed and personally call at the Branch to sign the hire contract.
When a particular locker is allotted to an applicant, Safe Deposit Locker Agreement should be got executed by him in nonjudicial stamp paper of appropriate value.
The rent of the lockers is fixed from time to time depending upon the size of the locker (small size, medium size and large size) and also considering the area where the branch is situated (Rural,Semiurban &Urban Area).
Kerala Gramin Bank is a Regional Rural Bank in Kerala with massive rural penetration.
Even though the bank is a Regional Rural Bank, KGB delivers all the major functionalities of
a PSB. The major focus of the bank is to initiate appropriate intervention for overall
economic upliftment and advancement of the people of Kerala by giving financial assistance
to the sectors like Agriculture, Micro, Small and Medium Enterprises, education, housing,
micro-credit, weaker sections, SC/ST communities etc.
RECURRING DEPOSIT