Banking Regulation Act, 1949 · Section guide
Section 45ZF: Notice of claims of other persons regarding safety lockers not receivable
Reviewed by CA Nikhil Gupta · Last reviewed 18 September 2026
Section 45ZF — Notice of claims of other persons regarding safety lockers not receivable. Protects banks from mere third-party notices regarding safety-locker contents subject. To the section and competent legal process; it complements the nominee-release mechanism in section 45ZE.
Official statute linkedProvision-specific anatomyPractical case + evidence file
Statutory structure and provision map
This map is a provision-specific explanation, not a substitute for the exact statutory text.
Core statutory rule
Protects banks from mere third-party notices regarding safety-locker contents subject to the section and competent legal process.
Condition / limitation
it complements the nominee-release mechanism in section 45ZE.
Source and effective-date control
Apply the wording of Section 45ZF that was in force on the event date; use the official Act and any applicable commencement/amending instrument linked on this page.
Professional application
Explain the locker notice rule and court-order exception without reusing deposit-specific facts.
Evidence / working-paper checklist
- Section 45ZF evidence: account/locker/safe-custody master record.
- Section 45ZF evidence: nomination/cancellation/variation form and acknowledgement.
- Section 45ZF evidence: identity/death/inventory/payment evidence for a claim.
- Section 45ZF evidence: record-retention or claim-processing evidence under the current Rules.
Retain the event date and source version with the file so the conclusion remains reproducible after later amendments.
Common mistakes to avoid
- For Section 45ZF, avoid treating a nominee as universal beneficial owner for all legal purposes.
- For Section 45ZF, avoid using obsolete nomination forms after a rule change.
- For Section 45ZF, avoid processing a death claim without preserving identity, death and inventory/payment evidence.
Linked Rules, RBI directions, notifications and forms
Linked instruments keep their own legal basis; they are not attributed to Section 45ZF unless the official instrument says so.
Related sections inside the Act
Use these links to read Section 45ZF in its statutory sequence, especially where the provision imports definitions, approvals, appeals, penalties or winding-up consequences from neighbouring sections.
Current-law source control
Source control: Section 45ZF is anchored to the official DFS consolidated text; later changes require separate Gazette verification.
Dated matters: verify any later Gazette, RBI direction or binding judgment affecting Section 45ZF on the event date.
Primary official sources
Related on Finin2min
Disclaimer
This Finin2min page is an educational and professional reference. Banking regulation is fact-, entity- and date-sensitive. Verify the current Act, Gazette amendments and commencement notifications, applicable RBI Rules/directions and the transaction record before acting or filing.