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SAFE DEPOSIT LOCKER CANCELLATION OF NOMINATION FORM SL 2 Cancellation of nomination under Section 45ZE and 52 of the Banking Regulation Act, 1949 and Rules 4(5) of the Banking Companies (Nomination)
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How to fill out safety locker cancellation of

01
To fill out a safety locker cancellation form, follow these steps:
02
Obtain the cancellation form from the bank or financial institution where you hold the safety locker.
03
Fill in your personal details such as name, contact information, and address.
04
Provide the details of your safety locker account, such as the account number and type of locker.
05
Mention the reason for cancellation in the appropriate section.
06
Sign and date the form.
07
Submit the filled-out cancellation form to the bank or financial institution.
08
Follow any additional instructions given by the bank regarding the cancellation process.
09
Wait for confirmation of the cancellation from the bank or financial institution.
10
Return the locker key(s) and settle any outstanding dues, if required.
11
Obtain a receipt or confirmation of the cancellation for your records.

Who needs safety locker cancellation of?

01
Anyone who wants to terminate their safety locker service and no longer requires the facility may need safety locker cancellation. This includes individuals, businesses, or organizations that no longer need the storage space or want to discontinue the associated charges.
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Safety locker cancellation refers to the process of officially terminating the use of a safety locker or safe deposit box at a bank or financial institution.
The account holder or the authorized representative is required to file the safety locker cancellation.
To fill out the safety locker cancellation form, the account holder must provide personal identification details, locker number, and reason for cancellation, and then submit it to the bank.
The purpose of safety locker cancellation is to formally notify the bank of the account holder's intention to close the locker and to ensure that any remaining contents are retrieved.
The information that must be reported includes the locker number, account holder's identification, date of cancellation, and a declaration of any remaining contents.
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