Bank locker rules: Some rules related to rent, security and nomination of bank locker facilities have been changed. This rule is going to be implemented in the country’s top banks like SBI, ICICI, HDFC and PNB. Let us understand the details of charges among all these banks and how much more money will have to be paid now.
Keep this in mind
Banks provide bank locker facilities to different categories of customers, such as personal customers, partnership firms, limited companies, clubs, etc. However, banks do not allocate lockers in the name of minors. Banks act as a kind of lessee for their customers, in which locker service is provided on the basis of annual rent.
From the security point of view, banks assure that the protection of customers’ valuables is much more secure than their fees. Let us tell you that they are not responsible for the safety of cash kept in the bank. So keep this in mind while keeping the goods.
Rent will vary according to location
According to a report by ET, locker rent of SBI, ICICI Bank, HDFC Bank, and PNB may vary according to the branch of the bank, location and size of the locker. Let’s understand its details. The bank has released the new rate.
SBI locker rent
- Small locker: Rs 2,000 (Metro/Urban) and Rs 1,500 (Semi-Urban/Rural)
- Medium locker: Rs 4,000 (Metro/Urban) and Rs 3,000 (Semi-Urban/Rural)
- Large locker: Rs 8,000 (Metro/Urban) and Rs 6,000 (Semi-Urban/Rural)
- Extra large locker: Rs 12,000 (Metro/Urban) and Rs 9,000 (Semi-Urban/Rural)
ICICI Bank locker rent
- Rural areas: Rs 1,200 to Rs 10,000
- Semi-Urban areas: Rs 2,000 to Rs 15,000
- Urban areas: Rs 3,000 to Rs 16,000
- Metro: Rs 3,500 to Rs 20,000
- Metro+ locations: Rs 4,000 to Rs 22,000
HDFC Bank locker charges
- Metro branches: Rs 1,350 to Rs 20,000
- Urban areas: Rs 1,100 to Rs 15,000
- Semi-urban areas: Rs 1,100 to Rs 11,000
- Rural areas: Rs 550 to Rs 9,000
PNB locker charges
- Rural areas: Rs 1,250 to Rs 10,000
- Urban areas: Rs 2,000 to Rs 10,000
- Note that the bank provides 12 free visits to its customers, after which a fee of Rs 100 is charged for each additional visit.
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