Bank locker charges: If customers take a small locker in SBI Bank, they will have to pay Rs 1,500 for semi-urban and rural areas and Rs 2,000 in urban areas.
Add informalnewz.com as a Preferred Source
Bank locker charges: Bank lockers provide a secure way to store your valuables, such as documents, jewelry, and cash. Banks charge an annual fee for locker services, which varies depending on the size of the locker and the branch location. Understanding these fees helps you choose the right locker and manage costs effectively.
The annual locker rent at major banks in India varies depending on the size (small, medium, large) and branch location (rural or urban).
The approximate annual charges (excluding GST) for major banks are as follows:
State Bank of India (SBI): Small locker rates start at ₹1,000 in rural areas and ₹1,500 in urban areas. Large locker rates can go up to ₹12,000.
HDFC Bank: Small locker rates in urban and metro branches are around ₹2,200, while in rural areas they start at ₹850. Large lockers can go up to ₹20,000.
ICICI Bank: Rents range from ₹1,200 (rural) to ₹22,000 (metro/large).
Punjab National Bank (PNB): Rents start at ₹1,250 in rural and semi-urban areas, while in metro areas they range from ₹2,000 to ₹10,000.
Important Information:
Additional Fees: In addition to the rent, banks may also charge a one-time registration fee ranging from ₹500 to ₹1,000.
Free Visits: Most banks allow 12 free visits per year, after which a fee of ₹100 + GST is charged per visit.
GST: 18% GST is applicable on all the above charges.
You can check the exact rates by visiting your bank branch or on official web pages like SBI or HDFC Bank.
Add informalnewz.com as a Preferred Source
DISCLAIMER
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at informalnewz@gmail.com
