Legal Question in Banking Law in India
How many years can bank allow rent of lockers to accumulate. Can it ask customer to pay 10 years rental in one short.
Asked on 6/23/16, 9:53 pm
2 Answers from Attorneys
Dr Katta Venkata Rama Krishna
Drkattavrk
varies from bank to bank. Payment of advance rent has some discount also.
Answered on 6/23/16, 9:56 pm
Fca Prashant Chavan
Expert Edge LLP
24.06.2016
Dear Sir / Madam,
Yes, if the rent is outstanding for those many years.
Regards,
Answered on 6/24/16, 2:17 am
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