Amid the ongoing crisis at New India Co-operative Bank, authorities have clarified that bank lockers remain accessible to customers, despite the RBI’s stringent restrictions on the bank’s operations. Locker holders will retain full rights to access their belongings, ensuring that valuables stored within are not impacted by the current financial turmoil.
New India Cooperative Bank issue
Will pursue action against the defalters & fraudulent persons
The Bank Lockers can't be touched. Owners will have liberty to take their belongings from Lockers
Ballance, Fixed Deposits upto ₹5 lacs will be compensated under Deposit Insurance pic.twitter.com/yrpUctJSxf
— Kirit Somaiya (@KiritSomaiya) February 14, 2025
The bank has also assured depositors that balances and fixed deposits up to ₹5 lakh will be compensated under deposit insurance, offering some relief to affected customers. Additionally, the bank has pledged to take action against defaulters and fraudulent entities that contributed to the crisis.
While withdrawals from savings and current accounts remain prohibited, the assurance regarding lockers is expected to ease concerns among account holders worried about losing access to their valuables.
