Relationship: Safe Deposit Locker

PPB Banker-Customer Relationship Free JAIIB Capsule 108 views Updated 22 Sep 2026

Capsule FREE

PPB · Banker-Customer Relationship

When a bank provides a safe deposit locker to a customer, what specific relationship is formed?

Tap to flip and reveal the answer

The Bank is the Lessor, and the Customer is the Lessee.

Governed by Sec 105 of the Transfer of Property Act. The bank is not liable for loss from natural calamities, only for its own negligence/fraud.

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Relationship: Safe Deposit Locker — Full Text

When a bank provides a safe deposit locker to a customer, what specific relationship is formed?

Answer

The Bank is the Lessor, and the Customer is the Lessee.

Additional notes

Governed by Sec 105 of the Transfer of Property Act. The bank is not liable for loss from natural calamities, only for its own negligence/fraud.

Part of Principles & Practices of Banking · Banker-Customer Relationship · Last updated 22 Sep 2026

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