Yes, But as per the RBI guidelines, in case of any theft or damage the bank is liable to pay only Rs.1 Lakh, no matter what is the value f your goods. read more
The bank rents out a particular space of it's secured locker unit to you and you are allowed to keep your belongings in it. Banks don't indemnify for loss of your belongings kept in locker. But it is always preferable to use locker than locking it up in your house as banks provide strong securities for it's lockers. read more