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Yester day we got a letter from the Bank in which we have taken a medium sized Locker for rent, informing the yearly rent for the locker has been doubled to Rs.6000/- from Rs.3000/- . The new rent will come to effect from 1st June 2019.
I am told many other Banks have also increased Bank Charges similarly.No one will object for nominal increase in Locker Rent, but doubling looks exorbitant. Whether this has been done with the consent of any "regulatory authority" or left to the whims and pleasure of the Banks ?
Brahmanyan,
Bangalore.

[QUOTE="Brahmanyan, post: 433325, member: 632"] Yester day we got a letter from the Bank in which we have taken a medium sized Locker for rent, informing the yearly rent for the locker has been doubled to Rs.6000/- from Rs.3000/- . The new rent will come to effect from 1st June 2019. I am told many other Banks have also increased Bank Charges similarly.No one will object for nominal increase in Locker Rent, but doubling looks exorbitant. Whether this has been done with the consent of any "regulatory authority" or left to the whims and pleasure of the Banks ? Brahmanyan, Bangalore. [/QUOTE]

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