Whether you keep money, jewelry, bonds, silverware, valuables in your bank vault, it is very important that you keep something called "Safety" there. For the attention of our friends who have vault facilities in banks, I have posted some security warning tips that I know for your consideration.
first is to choose a bank Safe deposit box.
The first is to choose a bank with a safe deposit box close to home. It can safely reach the bank quickly and deposit immediately in the vault without having to carry the most important documents and precious ornaments and articles over long distances.
The safe deposit box rental details should be clearly inquired from the bank manager.
You should also know when the bank allows you to use the safety deposit box.
You should also know when the bank allows you to use the safety deposit box.
Banks usually allow customers to use safe deposit boxes from 10 am to 3:30 pm. Banks avoid providing safe deposit box service to customers after 3:30 pm for security reasons.
Keep a xerox copy of the list and full details of the items you keep inside the safes and documents if you keep them.
Share safe deposit box keys and bank information with family members.only,
If possible, keep a lump sum in the bank as a deposit that earns interest every year. Put the interest earned on this deposit equal to the rent in our safety deposit box. This means that even if we forget to pay the rent on time, the bank will collect the rent from the deposit interest amount.
Importantly, don't lose the key. There is no replacement key. If the key is lost and the locker needs to be opened, the lock will be broken in your presence. You will be responsible for the cost of the break-in and the cost of a new lock. There is no CCTV inside. No one knows what you put in. There is no guarantee that the bank will keep your items safe when you put them inside. (It is better to insure it separately). There is a possibility of theft. You cannot go and open the locker at the desired time. Allowed only from 10 am to 3 am (timing varies depending on the bank). Locker rent increases annually. Rent varies depending on locker size. Rent varies by city/village.
Failure to pay the rent of the safe deposit box
on the due date every year may render the agreement voidable, The agreement we enter into with the bank to get the safety deposit box is almost just a rental agreement. Based on that agreement, the bank is not responsible for our goods inside the safe deposit box. So it is usually better to have general insurance for the value of the contents. It is possible to get insurance amount equal to the value of our goods even if there are any bank robberies later on.
It is often better to keep safe deposit boxes as joint accounts with household members. The locker should be kept in such a way as to allow the other to use the locker even if one of them is away.
In the same way, give a letter of authority to the bank with the signature of the third person to open the safety deposit box, for example, the third person other than husband and wife, father-in-law or mother-in-law, can open the safe deposit box. This helps a third person to use the vault when both the vault owners, husband and wife, are out of town or due to health reasons.
Finally don't trust anyone with your vault key or password etc. especially avoid keeping such information on mobile phone and keep everything top secret. These are the steps to ensure your bank vault security.
Apart from this, if any other important information appears, I will publish it again in this post.
Any personal doubts please share.