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

Multi-Bank LinkingLast Updated: September 16, 2025

Definition Multi-bank linking means connecting more than one bank account to a single digital payment platform, such as…

BeneficiaryLast Updated: August 19, 2025

Meaning A Beneficiary is the person or entity who receives money or benefits from a transaction, insurance, or…

Mandate in UPILast Updated: July 11, 2025

Definition A Mandate in UPI is a pre-approved instruction that allows automatic payments at a future date. It’s…

AML Full Form & MeaningLast Updated: February 14, 2025

What is the full form of AML in banking & finance? The full form of AML is Anti-Money…