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Banking Term: Safe Deposit Vault

Find important banking term that is useful in upcoming banking exam.

Mar 21, 2015 15:31 IST
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The relationship between the bank and lessee of a locker shall be that of a landlord and a tenant. The bank has no responsibility or liability of any.

The bank has no responsibility or liability of any kind, what so ever, in respect of the content of the locker and it shall be held responsible for any loss or damage to the same arising out of any cause whatsoever.

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