Bank lockers are sought after by safety-seeking people who are usually pushed into buying an insurance policy or making a fixed deposit, in addition to the locker fees, .However, in case of a locker, banks don’t know the contents in a safe deposit locker.
“Banks cannot take an insurance cover for things that they don’t know. Hence, banks don’t take insurance for the valuables kept inside a locker.
Banks disclose that they are not liable for your loss
