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Can a joint locker be closed by one person?

Published in Banking Regulations 1 min read

The provided reference does not explicitly address whether a joint locker can be closed by one person. Instead, it focuses on the nomination process: "Nomination or its cancellation or variation can be made by the sole depositor in case of a single account and by all the depositors jointly in case of a joint account". This implies that for a joint account, any action regarding the nomination of the locker requires agreement from all the depositors. Therefore, based on this reference alone, we cannot directly determine the closing procedure for a joint locker.

However, we can infer the following:

  • The document focuses on nomination and does not mention closure.
  • The nomination requires the joint agreement of all account holders of a joint locker, meaning it is likely that the closure will also require joint agreement.

Therefore, based on the provided reference, and general practices, we can conclude that a joint locker usually cannot be closed by one person alone. It typically requires the consent of all joint holders.

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