In 2024, if you’re considering using a bank locker to store your valuables securely, it’s essential to be aware of the associated charges. Major bank s in India, such as State Bank of India (SBI), Punjab National Bank (PNB), HDFC Bank, and ICICI Bank, have announced their locker fees for the year. Here’s a detailed look at the costs and benefits of these locker facilities.
Locker Charges in SBI
Service Description: Annual Rent for Safe Deposit Lockers
Locker Size and Type:
Small (Size A: 125 x 175 x 492):
Urban and Metro: ₹2,000 + GST
Rural and Semi-Urban: ₹1,500 + GST
Medium (Size B: 159 x 210 x 492, Size C: 125 x 352 x 492, Size D: 189 x 263 x 492, Size E: 159 x 423 x 492, Size H1: 325 x 210 x 492):
Urban and Metro: ₹4,000 + GST
Rural and Semi-Urban: ₹3,000 + GST
Large (Size F: 278 x 352 x 492, Size G: 189 x 529 x 492):
Urban and Metro: ₹8,000 + GST
Rural and Semi-Urban: ₹6,000 + GST
Extra Large (Size H: 325 x 423 x 492, Size L: 404 x 529 x 492, Size L1: 385 x 529 x 492):
Urban and Metro: ₹12,000 + GST
Rural and Semi-Urban: ₹9,000 + GST
Special Note: For Salary Package Accounts with Platinum variant, a 25% concession on locker rent is offered.
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Locker Charges in ICICI Bank
Annual Locker Rentals:
Small:
Rural: ₹1,200
Semi-Urban: ₹2,000
Urban: ₹3,000
Metro: ₹3,500
Metro+: ₹4,000
Medium:
Rural: ₹2,500
Semi-Urban: ₹5,000
Urban: ₹6,000
Metro: ₹7,500
Metro+: ₹9,000
Large:
Rural: ₹4,000
Semi-Urban: ₹7,000
Urban: ₹10,000
Metro: ₹13,000
Metro+: ₹15,000
Extra Large:
Rural: ₹10,000
Semi-Urban: ₹15,000
Urban: ₹16,000
Metro: ₹20,000
Metro+: ₹22,000
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Locker Charges in Punjab National Bank
Annual Locker Rent:
Rural/Semi-Urban:
Small: ₹1,250
Medium: ₹2,500
Large: ₹3,000
Very Large: ₹6,000
Extra Large: ₹10,000
Urban/Metro:
Small: ₹2,000
Medium: ₹3,500
Large: ₹5,500
Very Large: ₹8,000
Extra Large: ₹10,000
Locker Charges in HDFC Bank
Annual Locker Rentals:
Extra Small:
Metro: ₹1,350
Urban: ₹1,100
Semi-Urban: ₹1,100
Rural: ₹550
Small:
Metro: ₹2,200
Urban: ₹1,650
Semi-Urban: ₹1,200
Rural: ₹850
Medium:
Metro: ₹4,000
Urban: ₹3,000
Semi-Urban: ₹1,250
Rural: ₹1,250
Extra Medium:
Metro: ₹4,400
Urban: ₹3,300
Semi-Urban: ₹1,750
Rural: ₹1,500
Large:
Metro: ₹10,000
Urban: ₹7,000
Semi-Urban: ₹4,000
Rural: ₹3,300
Extra Large:
Metro: ₹20,000
Urban: ₹15,000
Semi-Urban: ₹11,000
Rural: ₹9,000
Locker Charges in Canara Bank
Locker Size:
Small:
Metro: ₹2,000
Urban/Semi-Urban: ₹1,500
Rural: ₹1,000
Medium:
Metro: ₹4,000
Urban/Semi-Urban: ₹3,000
Rural: ₹2,000
Large:
Metro: ₹7,000
Urban/Semi-Urban: ₹6,000
Rural: ₹4,000
Very Large:
Metro: ₹10,000
Urban/Semi-Urban: ₹8,000
Rural: ₹6,000
Note: GST is applicable on all charges. Rates may vary by branch location.
By understanding these charges, you can make an informed decision about which bank’s locker service best suits your needs.
