Change in bank locker rules, major banks will now charge this much rent

keep this in mind

Bank locker facilities are provided by banks to various categories of customers, such as individual customers, partnership firms, limited companies, clubs, etc. However, banks allot lockers in the name of minors. Banks act as a kind of lessee to their customers who are provided locker services on an annual rental basis.

From a security point of view, the bank assures that the safety of its customers' valuables is safer than its fees. Let us tell you that when cash is kept in the bank, the bank is not responsible for its safety, hence special care should be taken while keeping the goods.

Fare will vary depending on location

According to an ET report, locker rent for SBI, ICICI Bank, HDFC Bank and PNB may vary depending on the bank branch, location and size of the locker. So let us know some banks have announced new locker rates.

SBI Locker Rent (Annual)

• 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)
• Big 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 Area: Rs. Rs 1,200 to Rs. 10,000
• Semi-Urban Area: Rs. 2,000 to Rs. 15,000
• Urban Area: Rs. 3,000 to Rs. 16,000
• Metro: Rs. 3,500 to Rs. 20,000
• Metro+ Location: Rs. 4,000 to Rs. 22,000

hdfc bank locker price

• Metro Branches: Rs. Rs 1,350 to Rs. 20,000
• Urban Area: Rs. Rs 1,100 to Rs. 15,000
• Semi-Urban Area: Rs. Rs 1,100 to Rs. 11,000
• Rural Area: Rs. 550 to Rs. 9,000

pnb locker rent

Rural Area: Rs. Rs 1,250 to Rs. 10,000

Urban Area: Rs. 2,000 to Rs. 10,000