Business
Bank safe deposit locker rules changing from 1 January 2022
The Reserve Bank of India (RBI) issued revised instructions on the management of lockers to all banks in accordance with an order of the Supreme Court in August. The revised directive will take effect on January 1, 2022
The Reserve Bank of India stated that it is recommended that banks formulate their own policy/operation guidelines approved by the board of directors in consideration of the revised instructions. “The revised directive will take effect on January 1, 2022 (unless otherwise specified) and will apply to new and old safe deposit boxes and bank storage facilities.”
In order to facilitate customers to make an informed choice, the bank should allocate lockers in the core banking system or any other compliance with RBI and ensure the transparency of locker allocation.
The central bank stated that if the lockers cannot be allocated, the bank should confirm receipt of all applications for the allocation of lockers and provide customers with a waiting list number.
In February, Supreme Court Justices Mohan M Shatanagoudar and Vineet Saran asked the Reserve Bank of India to formulate uniform rules for the management of lockers for all banks within six months.
The Supreme Court has stated that opening lockers without following legal procedures will be interpreted as a serious negligence by the bank, adding that banks should not be free to impose unilateral and unfair terms on consumers.
For the sake of clarity, the Reserve Bank of India may also issue appropriate rules regarding the bank’s liability for any loss or damage to the contents of the lockers.
“In our opinion, the current regulations are inadequate and confusing. Each bank follows its own set of procedures,” the court said.
Complete News Source : Zeenews
Lifestyle
10 best activities hacks for the better lifestyle for Business Managers.
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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