What is smart vault ICICI Bank?

Smart Vault is India’s first automated locker facility with high-end robotic technology. Launching this automated locker facility in the Capital, Chanda Kochhar, Managing Director & CEO, ICICI Bank, said this initiative marked a milestone in the Indian banking industry.

Which bank is best for locker facility?

Many banks like SBI, HDFC Bank, ICICI Bank, Axis Bank, Punjab National Bank, Bank of Baroda, Kotak Mahindra Bank offer this option to every individual who have high-valued tangible assets.

What is robotic locker facility?

The ‘Smart Vault’ uses robotic technology to access lockers from the safe vault. It enables customers to access their lockers in a secure lounge where the locker automatically comes up to the customer. Customers can access the lockers in total privacy without any intervention of the branch staff, ICICI Bank said.

How much does ICICI Bank locker cost?

ICICI Bank charges Rs 1,200 – 5,000 for a small size locker and for extra large the rent can range from Rs 10,000 – 22,000. Note that these charges are excluding GST.

How does a bank locker work?

Bank locker operates with two keys – one kept with the bank and other given to you. Both the keys are required to open the locker and access your valuables.

How do I apply for a bank locker online?

Visit the official website of SBI and sign in to your net banking account using the required credentials. Click on e-Services > Online Locker. Now confirm your state, district, pin code and click on ‘Submit’ On the next screen, you can see the details of your branch where a locker facility is available.

What if bank locker is robbed?

To remedy this, the Reserve Bank of India had recently announced a new rule that allows locker holders to claim compensation up to 100 times the annual locker rent if the holdings are lost due to theft, fire, bank fraud etc.

Which bank has lowest locker rent?

The bank is government that private: Generally, the annual locker rent is less in public sector banks, while it is higher in private banks. Whether the bank branch is urban or rural: Bank branches in metro and urban areas have higher locker fares, while branches in rural and urban areas have lower locker fares.

How can I get locker facility in ICICI Bank?

How to Get Locker in ICICI Bank? Firstly, a locker facility is offered at select branches and allotment of lockers are subject to availability. Lockers can be hired by an individual (Singly or jointly). However, He / She must be a customer of the branch, having a Saving or Current account.

Can we keep cash in locker?

There is no bar on keeping cash in bank lockers but it may attract investigation by the income tax department. Tax officials may require explanation to understand the source of every receipt or property.

Is gold safe in bank locker?

Bank lockers are considered to be the safest place to store valuable jewellery, important documents, certificates or the things precious to you.

Is FD mandatory for locker?

FD or savings account is mandatory for bank locker, know the rules of RBI, there will be no problem.

Why choose smartvault?

We guarantee you’ll love it, or you’ll get your money back. Spend more time doing what you love, and less time fetching, filing and finding documents. Consumer-grade cloud apps put your firm and your clients at risk. SmartVault employs bank-level security practices to protect your documents and your business.

What is it like to integrate smartvault with QuickBooks?

The integration between SmartVault and QuickBooks is fantastic! The applications talk to each other, making it easy to electronically file all documents. I no longer have to run between offices to locate requested files. We have for sure saved time because we can easily support our out-of-state and out-of-country clients.

What is your primary use case for smartvault?

We use the SmartVault client portal to communicate with clients and deliver files. It’s so efficient, and it’s the level of digital service that the majority of our clients expect. The integration between SmartVault and QuickBooks is fantastic!

What technology is used in smart vaults?

Robotic Technology. The Smart Vault is powered by revolutionary robotic technology that minimizes human intervention while operating the locker. The advanced Radio Frequency Identification (RFID) enabled mechanism scans your request and retrieves your locker using robotic arm from our robust and secure vault.