The ruling on depositing money in banks for the purpose of safekeeping

Question:
The questioner says: Honorable Shaykh, may Allah grant you success, is it permissible to deposit money in banks without interest out of fear for its safety?

Answer:
This is permissible out of dire necessity, depositing money in banks for safekeeping only, because one fears for it from theft or loss, and there is no place where one can feel secure about it except in banks. This is permissible out of dire necessity, but on the condition that you do not take interest on it, nor any returns that come back to you, but rather you are content with taking only your deposited money. We have heard bank owners resorting to tricks to give something in the way of interest; they give you a gift, they give you incense, they give you books. This is not permissible; this is a trick to circumvent riba (usury or interest), so this is not permissible.