Q. The Reserve Bank of India (RBI) has recently released revised bank locker rules. With reference to these rules consider the following statements:
1.Banks would have the discretion to break open the locker if the rent remains pending for three years in a row. 
2.The nominee will get full access to the locker if the original keeper dies without a will.
3.Banks will not be eligible to pay in case of any loss of locker content occurs due the bank’s negligence.
Which of the statements given above is/are correct?

[A] 1 and 2 only

[B] 1 only

[C] 2 and 3 only

[D] 3 only

Answer: A
Notes:

Explanation –

Statement 1 and 2 are correct. According to the revised rules, banks would have the discretion to break open the locker if the rent remains pending for three years in a row. The nominee will get full access to the locker if the original keeper dies without a will.

Statement 3 is incorrect. Banks will be eligible to pay in case of any loss of locker content occurs due the bank’s negligence. However, banks will not be liable for any damage or loss of locker contents caused by natural calamities or acts of God.

Source: ForumIAS