What is meaning of Safe Custody in Banking Term

By | January 3, 2018

#Daily_One_Banking_Term
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➡  What is Safe Custody:

When articles of value like jewelry, boxes, shares, debentures, Government bonds, Wills or other documents or articles are given to a bank for safe keeping in its safe vault, it is called safe custody.. Bank charges a fee from its clients for such safe custody.

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