Bank Locker

byPaytm Editorial TeamLast Updated: September 10, 2025

Definition

A Bank Locker is a safe storage facility provided by banks where customers can keep valuable items like jewelry, documents, or gold.

Benefits

  • High-level security
  • Protection from theft or fire

You May Also Like

UPI Transaction RejectionLast Updated: October 21, 2025

Definition UPI Transaction Rejection happens when a payment request is declined due to insufficient balance, wrong PIN, or…

UPI-enabled AppsLast Updated: September 10, 2025

Meaning UPI-enabled Apps are mobile or web applications that allow users to send and receive money using the…

National Financial SwitchLast Updated: November 14, 2025

Definition National Financial Switch (NFS) is India’s largest network of ATMs, connecting all major banks for interbank transactions.…

UPI Payment InitiationLast Updated: October 21, 2025

Definition UPI Payment Initiation is the process of starting a UPI payment request from payer to payee. Importance…