Meaning
A Locker Facility is a secure storage service offered by banks where customers can keep valuable items like documents, jewelry, and certificates.
Definition
It refers to the renting of a safe deposit locker inside the bank’s vault for personal storage.
How It Works
Customers pay an annual fee and receive a key or access method. The locker can be opened only with dual control: customer key and bank key.
Benefits
- High security
- Protection from theft and loss
- Peace of mind
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