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a.
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Branches shall maintain a waiting list for the purpose of allotment of lockers. All applications received for allotment of lockers shall be acknowledged
and each shall be given a waiting list number.
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b.
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At least 80% of the lockers shall be allotted by the branches on first come first served basis. The remaining lockers could be allotted by the branch
managers at their discretion to valued customers on business considerations.
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c.
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Branches shall not insist on term deposit as a pre-requisite for allotment of lockers. There will however, be no objection to the branch seeking a deposit
(but not as a condition for allotment) from the applicant who has been allotted a locker, the annual interest from which would not be more than the actual
rent of the lockers.
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d.
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In the alternative, advance payment of locker rent for a period of three years plus approximate charges for breaking open of the locker may be collected
from the locker holders.
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