Banks offer locker facilities to various customers, including personal clients, partnership firms, limited companies, and clubs.
However, lockers cannot be assigned to minors. The banks serve as lessees, providing these locker services for an annual rental fee.
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Security and Liability
Banks ensure that the security of customers’ valuables is better than the rental fees they charge.
However, it is important to note that banks are not responsible for the security of cash kept in the lockers. Customers should keep this in mind when using these services.
Locker Rental Rates by Different Banks
The rental fees for lockers can vary based on the bank’s branch location and the size of the locker. Below are the current rates for some major banks:
SBI Locker Rent
Small Locker
Metro/Urban: ₹2,000
Semi-Urban/Rural: ₹1,500
Medium Locker
Metro/Urban: ₹4,000
Semi-Urban/Rural: ₹3,000
Large Locker
Metro/Urban: ₹8,000
Semi-Urban/Rural: ₹6,000
Extra Large Locker
Metro/Urban: ₹12,000
Semi-Urban/Rural: ₹9,000
ICICI Bank Locker Rent
Rural Areas: ₹1,200 to ₹10,000
Semi-Urban Areas: ₹2,000 to ₹15,000
Urban Areas: ₹3,000 to ₹16,000
Metro Areas: ₹3,500 to ₹20,000
Metro+ Locations: ₹4,000 to ₹22,000
HDFC Bank Locker Charges
Metro Branches: ₹1,350 to ₹20,000
Urban Areas: ₹1,100 to ₹15,000
Semi-Urban Areas: ₹1,100 to ₹11,000
Rural Areas: ₹550 to ₹9,000
PNB Locker Charges
Rural Areas: ₹1,250 to ₹10,000
Urban Areas: ₹2,000 to ₹10,000
Additional Information
Banks typically allow customers 12 free visits to their lockers each year. After that, a fee of ₹100 is charged for each additional visit.